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The global push comes as HongShan, Sequoia's former China unit—led by billionaire Neil Shen, considered China’s top tech investor, has faced frustration from some LPs over the pace of dealmaking for its $9B US fund, after raising the money two years ago. https://t.co/I3ogAzxh40 https://t.co/TL4LKvPOmK
Billionaire Neil Shen’s HongShan has struggled to invest its $9bn cash pile amid a sluggish domestic market and tightening US controls. https://t.co/RHlrDEiqKY https://t.co/ygZVtH8uVk
HongShan, spun out of Sequoia last year, is reportedly struggling to invest its huge war chest: https://t.co/PCRM2evcGB by TechCrunch #infosec #cybersecurity #technology #news
HongShan, the China-based investment firm spun out of Sequoia last year and led by billionaire Neil Shen, is reportedly struggling to deploy its $9 billion cash reserve. The firm, which is considered a leading force in China's tech investment landscape, has faced challenges amid a sluggish domestic market and tightening U.S. regulatory controls. Frustration has reportedly emerged among some limited partners over the slow pace of dealmaking for its $9 billion U.S. fund, which was raised two years ago.
