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Intelligence IAFeb 22, 2026Primary Market
Article

HSG (ehemals Sequoia China) · $9B · Growth

Neil Shen's HSG, formerly Sequoia China, raised $9 billion from US investors before US restrictions took effect. The fund has backed Chinese AI startups like Manus, demonstrating continued strong investment firepower in China's AI sector despite geopolitical tensions.

Redaction Data Cube AISource: Wall Street Journal
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Brief source

Neil Shen's HSG, formerly Sequoia China, raised $9 billion from US investors before US restrictions took effect. The fund has backed Chinese AI startups like Manus, demonstrating continued strong investment firepower in China's AI sector despite geopolitical tensions.