Sequoia China said to be in the market for new $2.8b fund

Sequoia China said to be in the market for new $2.8b fund

Shanghai, China. Photo by Li Yang on Unsplash

Sequoia Capital’s Chinese affiliate is reportedly in the market to raise 20 billion yuan (about $2.8 billion) for a new Chinese currency fund and is banking on domestic investors as backers.

Edited by: Joymitra Rai