Sequoia Capital China denies RMB fund plan
Earlier reports that Sequoia Capital China, the PRC offshoot of the leading US Silicon Valley VC firm, was looking to raise as much as RMB3 billion ($442 million) for a new RMB-denominated fund have been denied by Sequoia.
AVCJ attempted to obtain further details on the plan and also the firm’s investment strategies, but Neil Shen, Founding Managing Partner of Sequoia Capital China, replying via email, said that Sequoia...
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