Sequoia China set to cut up to 20% of investment staff

Neil Shen, managing partner of Sequoia Capital China. Photographer: Jason Alden/Bloomberg

Sequoia Capital China, widely viewed as a bellwether for Chinese tech investment, is set to lay off as much as 20 percent of investment staff as a slowdown in the country’s tech sector saps appetite for risk, said two people with knowledge of the matter.

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