Finding an attractive buy among Chinese e-commerce companies has gotten a lot harder in the last year, laments one of the country’s leading venture capitalists. Neil Shen, founding managing partner of Sequoia Capital China Neil Shen, founding managing partner of Sequoia Capital China, said valuations of Chinese e-commerce companies seeking venture capital have shot up 30% to 40% in the last six to nine months, driven by a similar jump in valuations for listed Chinese Internet companies.