Sequoia China pays $171m for stake in dairy products maker Junlebao

Sequoia China pays $171m for stake in dairy products maker Junlebao

Photo by rawpixel.com from Pexels

Sequoia Capital China has completed a strategic investment of over 1.2 billion yuan ($171 million) in Chinese dairy products maker Junlebao to become the firm’s largest institutional shareholder with a 15.26 per cent stake.

Bring stories like this into your inbox every day.

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