News Snapshot:
Neil Shen’s Sequoia China seeks ‘politically correct’ investment strategy After a dismal year for Chinese tech companies, the $9 billion Sequoia China raised earlier this month to fund hundreds of other startups is a show of star power. stars from billionaire founder Neil Shen of the venture capital group. Shen’s colleagues have struggled to raise money this year, following rising political risks and Beijing’s crackdown on Big Tech, which has forced several global institutions to halt grants their investment in China. Opposite, Shen raised funds by managing follow China’s political trends and conform to “common prosperityThe policy goals, according to...
