Leading Chinese tech trader suggests he is however optimistic about growth 

Leading Chinese tech trader suggests he is however optimistic about growth 

Neil Shen, founding partner of Sequoia Capital China.

Nelson Ching | Bloomberg | Getty Photos

Neil Shen, founding partner of Sequoia Funds China.

WUZHEN, China — The head of Sequoia Capital’s China affiliate reported Thursday there are however significant chances for growth in the country’s digital economic climate, contrary to several concerns about a slowdown.

“As an investment decision firm enthusiastically collaborating in China’s data field, we however feel the Chinese World-wide-web sector has fantastic potential clients,” Neil Shen, founding and managing partner of Sequoia Funds China, reported at a push occasion at the World World-wide-web Conference, in accordance to a CNBC translation. “Just about every calendar year, our investment decision size and tempo has been increasing.”

Shen also reported he believes the consumer-oriented internet however has a very significant option for upcoming development, and that the industrial-oriented internet will acquire rapidly, specifically with the guidance of synthetic intelligence.

Sequoia is an trader in China’s major technology businesses, like e-commerce large Alibaba, journey-hailing firm Didi and Meituan Dianping, which went public in Hong Kong this calendar year. Shen is also a co-founder of Chinese tourism reserving internet site Ctrip.com.

Numerous be concerned China’s burgeoning technology field will be strike by a nationwide economic slowdown. Some current knowledge reports have been tender, adding to concerns that increasing trade tensions with the U.S. will lead to growth to gradual even more. Beijing, for its portion, has announced a slew of policy actions in the final couple months to guidance the economic climate.

Shen, having said that, pushed again Thursday against concerns about trade tensions and a chilly spell for the Chinese tech sector.

“My perception is the digital economic climate is some thing distinctive to China,” he reported. “I do not feel it will be affected that considerably by a U.S.-China trade war.”


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