Hongkonger Neil Shen hits No 7 on Forbes’ list of top 100 venture capitalists, one of 13 Chinese named

Over a dozen Chinese individuals have made the list of Forbes’ 100 top venture capitalist investors, reflecting the impact of technological innovation in the country.

Neil Shen from Hong Kong is the only Chinese to make the top 10, ranking seventh. Shen helped to bring LinkedIn and Airbnb to China, and led his firm’s investment into Shenzhen-based drone powerhouse DJI.

Forbes launched its annual Midas List on Wednesday based on deals worth at least US$200 million or funding rounds in the last five years that value a company over US$400 million.

A total of 13 on the list are Chinese. Of these, six have Chinese citizenship and seven have overseas citizenship, according to Forbes. Only on is not focused on deals in mainland China.

China’s economic growth may be slowing but there is no shortage of funds going into its start-ups, according to another report by Forbes.

In fact, 2015 was a record-breaking year in terms of the number of such deals conducted, according to London-based information provider Preqin. China saw a total of 1,737, up from 1,060 in 2014, Forbes reported.

Meanwhile, venture capitalists poured a record US$37 billion into China’s start-ups last year, more than double the previous year’s tally.