Sequoia has funded 4Paradigm, a People's Liberation Army contractor.
Sequoia Capital has come under scrutiny by the U.S. Congress for splitting off its China business.Sequoia isn't new to controversy, as its China business has come under scrutiny in recent years. Now, the U.S. House Select Committee on the Chinese Communist Party wants to investigate Sequoia's funding of China's military advancement.
The scale of Sequoia's original investment in 4Paradigm isn't publicly available.Sequoia China is headed by Neil Shen, who once described the company's internal investment database built over 40 years as the 'most important competitive power.' In 2018, Shen was being considered to lead the global business of Sequoia when the company hosted its biennial investor conference in Beijing with a dinner held at the Chinese government's Great Hall of the People.
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