Neil Shen, the founding partner of HongShan – formerly known as Sequoia Capital China, topped an annual list of China’s best venture capital investors released on Monday by Forbes China, the licensed Chinese-language edition of Forbes magazine.
The 100-member list is modeled on the “Midas List” of successful VC investors in the U.S. published annually by Forbes magazine. It takes into account returns earned on portfolio businesses that have listed or been acquired over the past five years or that have raised new capital at a valuation of more than $1 billion, Forbes China said.
Shen, who ranked No. 1 for the fifth consecutive year, has made successful investments in Chinese Internet companies including TikTok owner ByteDance, online apparel retailer Shein, and Temu operator Pinduoduo, among others. He is a co-founder of China online travel leader Trip.com and worth $3.8 billion on the Forbes Real-Time Billionaires List today.
Rounding out the top three on the new Forbes China VC list were Nisa Leung, managing partner at Qiming Venture Partners, and Zhang Zhen, founding partner at Gaorong Capital.
Click here for Forbes China’s report in Chinese.
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