China Digest: Sequoia invests $45m in VanTop; ChinaRoad bags $30m from Tencent

VanTop Group has garnered 300 million yuan ($45 million) in a Series A round funding from Sequoia Capital China, while ChinaRoad has raised 200 million yuan ($30 million) from Chinese tech giant Tencent.

Sequoia invests $45m in VanTop

Chinese global venture capital firm Sequoia Capital China has invested 300 million yuan ($45 million) in consumer product brand VanTop Group’s Series A round of financing, the startup announced through a WeChat post on Tuesday. 

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