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21

Sequoia Capital Seeks Up to $1.5 Billion for China Funds

By Tony Seruga

Firm is raising two funds to back Chinese tech startups
The fundraising could be the largest yet for Sequoia China

Sequoia Capital is looking to raise as much as $1.45 billion for a pair of funds to invest in Chinese technology startups, according to people familiar with the matter.

The Silicon Valley venture capital firm expects to close the China funds by April 7, said the people, who asked not to be identified because the funds haven’t closed yet. If the targets are met, it would be the largest fundraising for Sequoia Capital China, a decade-old division of the firm…

Sequoia Capital Seeks Up to $1.5 Billion for China Funds

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