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Business

Sequoia Capital's Neil Shen knows how to pick a winner

China's 'most successful early-stage investor' sees more opportunity

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Neil Shen, founder of Sequoia Capital's China unit   © Reuters

HONG KONG It is just before the Christmas holidays and Neil Shen, founder of Sequoia Capital's China unit, has arrived in Hong Kong's former industrial heartland of Kowloon, a relatively low-rent district that is becoming a trendy home for everything from struggling dot-coms to a new Citigroup office tower.

Among the new tenants in one nondescript industrial building is Hong Kong X-Tech Startup Platform, which Shen created earlier in 2016 to kick-start innovation in the city, partnering with a group of Hong Kong-based professors and the heads of its top three universities.

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