Sequoia Capital China targets raising $1.5b in new yuan fund

Sequoia Capital China targets raising $1.5b in new yuan fund

Photographer: Nelson Ching/Bloomberg

Sequoia Capital China, an early investor in top Chinese technology firms such as Alibaba, aims to raise $1.5 billion or more in a new yuan-denominated fund and is currently pitching it to prospective investors, sources familiar with the plans said.

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