Sequoia Capital China Secures $9 Billion to Fund Chinese Technology Startups

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.

Sequoia China has also backed a number of crypto and blockchain-related firms, including the troubled Asian crypto lender Babel Finance, which halted withdrawals in mid-June amid the ongoing crypto lending crisis.

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