Crypto investor Sequoia Capital China reportedly raises $9 billion

Crypto investor Sequoia Capital China reportedly raises $9 billion

Sequoia China is known for backing many crypto firms, including the troubled crypto lender Babel Finance, which halted withdrawals in mid-June. Sequoia Capital China, the Chinese affiliate of cryptocurrency-friendly venture capital firm Sequoia Capital, is about to raise $9 billion for its four new funds focused on Chinese startups.In raising the capital, Sequoia China has already exceeded its initial target of roughly $8 billion, The Information news agency reported on July 4, citing two people familiar with the matter.The report notes that the final amount of the raise is supposed to be....


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