Exclusive: Sequoia China to raise $6 billion in new fund with state-owned partner - sources

Sequoia Capital China is teaming up with a state-owned venture capital (VC) fund and e-commerce powerhouse JD.com to raise up to 40 billion yuan ($5.81 billion) for a new investment firm to focus on late-stage tech investments, sources said.

from Reuters: Money News https://ift.tt/2KQKKRt