Sequoia Capital China looks to raise at least $2.2b in new yuan fund

Sequoia Capital China looks to raise at least $2.2b in new yuan fund

REUTERS/Thomas White

Investor Sequoia Capital China is raising at least 15 billion yuan ($2.2 billion) in a new yuan-denominated fund, people with knowledge of the matter said, building a war chest as the world’s second-largest economy recovers from a virus-induced slump.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter