Sequoia Capital raises $50.2m for China-focused fund

Sequoia Capital raises $50.2m for China-focused fund

A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting the late Chinese Chairman Mao Zedong, are seen in a picture illustration in Beijing

Sequoia Capital has raised nearly $50.2 million for its China-focused fund, the global venture capital firm said in a stock exchange filing.

About 86 investors have so far backed the Sequoia Capital China Venture VI Principals Fund, which was incorporated and started fundraising in 2016.

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