Sequoia China raises $9B for tech, healthcare and consumer startups

Sequoia Capital China has raised $9 billion for four new funds that will support healthcare, technology and consumer start-ups. 

The funds, which launched earlier this year and garnered investments from the U.S., Europe, the Middle East and Asia, will primarily invest in Chinese startups, according to a July 6 press release.

Founded in 2005, Sequoia China hopes the funds  will ease fears among investors of a regulatory crackdown on the tech sector within China. 

 

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