Neil Shen Steps Down from Meituan's Non-Executive Director Position

TapTechNews June 14th news, tonight Meituan announced in the Hong Kong Stock Exchange that after the end of the annual general meeting of shareholders, due to other work arrangements, Neil Shen stepped down from the position of non-executive director. Neil Shen has confirmed that he has no differences of opinion with the board of directors, and there are no other matters regarding his retirement that need to be brought to the attention of shareholders.

As of June 14, 2024, the board of directors includes executive directors Wang Xing and Mu Rongjun, and independent non-executive directors include Gordon Orr, Leng Xuesong, Harry Shum, and Yang Mindy.

TapTechNews learned from public information that Neil Shen was born in 1967 in Haining City, Zhejiang Province. In 1989, Neil Shen was admitted to the Department of Mathematics at Columbia University in the United States. In 1990, he dropped out of Columbia University and re-applied to Yale University, and obtained an MBA from Yale School of Business in 1992. In the same year, Neil Shen joined Citibank. In 1994, he returned to China and entered Lehman Brothers Asia, responsible for investment banking projects, and then switched to Deutsche Bank.

In 1999 and 2002, Neil Shen founded Ctrip.com and Home Inn chain hotels respectively, and both were listed on Nasdaq. In August 2005, Neil Shen left Ctrip and joined Sequoia Capital as a founding partner of Sequoia China to start his investment career. By 2024, Neil Shen has been on the Forbes Midas List 13 times and topped the list 4 times.

As of December 31, 2023, Meituan's 2023 annual report shows that Neil Shen controlled 104,650,622 shares through Sequoia Capital, holding a total of 1.67% equity of Meituan.