China's top venture capitalist Neil Shen sells Meituan stock for US$799 million, according to stock exchange filings

Neil Shen Nanpeng, China's top venture capitalist and a director of Chinese delivery services giant Meituan, has sold stock in the Hong Kong-listed company to cash in HK$6.23 billion (US$798.72 million), according to stock exchange filings on Tuesday. Shen, a founder and managing partner at venture capital firm Sequoia Capital China, sold a total of 42.96 million shares in Meituan over April 27 and 29, via funds held by his firm. China's top venture capitalist Neil Shen sells Meituan stock for US$799 million, according to stock exchange filings comes via ChinaTechNews.com.