On Tuesday, Forbes released The Midas List of the top-performing investors from around the World in 2022. Neil Shen, the founding and managing partner of Sequoia China, ranked third in the world while continuing to rank first among Chinese investors.
On this year’s list, cryptocurrency investors in Silicon Valley performed well. Chris Dixon from Andreessen Horowitz and Micky Malka from Ribbit Capital both ranked in the top two since they invested in the crypto-trading platform Coinbase.
Shen ranks third with his investment in biomedicine, mobile Internet, hard technology and new energy, which is the fifth consecutive year that he has entered the top three. Shen was one of two China-based investors in the top 10. The other was No. 4, Richard Liu, a founding partner at 5Y Capital, whose investments include electric vehicle maker XPeng.
As the only Chinese investor to enter the top three this year, Shen has been focusing on emerging investment themes closely related to China’s economic development trend, such as carbon neutrality, intelligent robots and intelligent medical care. His successful investments include Envision Energy, a leading green technology enterprise, and Segway-Ninebot, which is listed on the STAR Market, and, lastly, SHEIN, a global fashion e-commerce unicorn.
Nine investors from Sequoia Capital made it onto the list, including Alfred Lin, Doug Leone, Roelof Botha and Michael Moritz, and Steven Ji.
The number of Chinese venture capitalists on the list was 17, a slight decrease from 20 last year. China is still the region with the largest number of investors on the list except for those from the United States.
Last year, the Beijing Stock Exchange began trading through which innovative small- and medium-sized enterprises could issue shares and raise funds. Both the exchange, and the trend, of small enterprises taking on big business problems, has been growing. For example, Sequoia China disclosed that 80% of its investment is concentrated in hard technology and deep technology, and that more than 60% of new investments are angel financing and seed round funding.
In the past two years, epidemic outbreaks and global economic shocks have brought some fluctuations in the venture capital industry. As one of the weathervanes of national economic development, the active degree and investment scale of venture capitals reflect the vitality and value of an economy.