Friday, 24 March, 2023

China's Sequoia Capital raises $9B amid cooling tech sector

<p>The China-based unit of Sequoia Capital has raised $9 billion in new funding to support the nation&#39;s innovation startups at all stages. The raise came as international investors were reviewing China&#39;s risks in light of the country&#39;s economy being damaged by COVID and ongoing regulatory pressure on the nation&#39;s online start-ups. Pensions, endowment funds, and family offices from the United States, Europe, the Middle East, and Southeast Asia provided the new capital.</p>