The news that "Sequoia China's founder Shen Nanpeng has obtained permanent residency in Singapore" has attracted widespread attention in the financial circle. Sequoia China's domestic investment has slowed down in recent years, and the investment circle said that Sequoia China has the possibility of "retreating". ”
Recently, according to the Financial Times, Shen Nanpeng, the founder of Sequoia (Hongshan) China, obtained Singapore PR (Permanent Resident, permanent resident status, known as Singapore Green Card).
Shen Nanpeng first applied for this more than a decade ago, and it was not until the pandemic that he was granted Singapore permanent resident status for "personal reasons".
At present, Hongshan China has also opened an office in Singapore.
"The decision to open the Singapore office was made for commercial reasons and was not related to the personal affairs of any of our executives," Sequoia China said in a statement. ”
Through data analysis, some institutions have found that the pace of investment in Sequoia China has slowed down in recent years, and some colleagues in the investment circle said that Sequoia China has the possibility of "retreating".
As one of the most developed economies in Asia, Singapore has the world's most complete infrastructure allocation and its per capita GDP is among the highest in the world.
According to the "2023 Hurun Zhishang Premium Product - Brand Tendency Report of China's High-net-Worth Individuals", Singapore's most favored emigration home for China's high-net-worth individuals is Singapore, which has risen by 2 places compared with last year, surpassing Canada, Australia, the United States, Japan and other countries.
In recent years, there have been many business tycoons who have gone to Singapore.
In addition to Shen Nanpeng obtaining permanent residency in Singapore, Zhang Lei, the founder of Hillhouse Capital, moved to Singapore, Ma Yun's wife also bought a house in Singapore, and Tong Xiaomeng of Boyu Capital, Zhang Zhidong, co-founder of Tencent, and Zhang Tao, founder of Dianping, all moved to Singapore.
Nanpeng Shen is the founder and partner of Sequoia Capital China**, and one of the founders of Ctrip and Homeinn hotel chains.
After leaving Ctrip, Shen Nanpeng founded Sequoia Capital China** in 2005 and has invested in more than 300 companies, including Internet giants and unicorns such as JD.com, Alibaba, Ant Financial, JD Finance, Toutiao, Mobike, Ele.me, Didi Chuxing, iQiyi, NIO, 360, Vipshop, Pinduoduo, Kuaishou and so on.
On Forbes' "World's Best Venture Capitalists List", Shen Nanpeng has topped the list four times with his outstanding investment performance and extensive influence, demonstrating his leadership in the venture capital industry.