Sequoia Capital’s Chinese affiliate announced on Tuesday that it has officially started deploying capital from a $480-million vehicle as the investor moves ahead with early-stage dealmaking anticipating an expected market rebound in China.
Sequoia Capital China, founded in 2005 by investment guru Neil Shen, confirmed to DealStreetAsia that it recently began investing money from the Sequoia China Seed Fund III, which the firm closed last year as part of its near-$9-billion fundraising success.
