High Chinese language tech investor says he is nonetheless optimistic about development
Neil Shen, founding accomplice of Sequoia Capital China.
WUZHEN, China — The top of Sequoia Capital’s China affiliate mentioned Thursday there are nonetheless massive alternatives for development within the nation’s digital financial system, opposite to many issues a few slowdown.
additionally mentioned he believes the consumer-oriented web nonetheless has a really massive alternative for future improvement, and that the industrial-oriented web will develop shortly, particularly with the assist of synthetic intelligence.
Sequoia is an investor in China’s largest expertise firms, together with e-commerce big Alibaba, ride-hailing firm Didi and Meituan Dianping, which went public in Hong Kong this yr. Shen can also be a co-founder of Chinese language tourism reserving website Ctrip.com.
Many fear China’s burgeoning expertise trade will probably be hit by a nationwide financial slowdown. Some current information stories have been tender, including to issues that growing commerce tensions with the U.S. will trigger development to gradual even additional. Beijing, for its half, has introduced a slew of coverage measures in the previous couple of months to assist the financial system.
Shen, nonetheless, pushed again Thursday towards issues about commerce tensions and a chilly spell for the Chinese language tech sector.
“My sense is the digital financial system is one thing distinctive to China,” he mentioned. “I do not assume it is going to be affected that a lot by a U.S.-China commerce warfare.”