Sequoia China on August 15 announced the establishment of a new startup accelerator program called YUÈ, which provides exclusive systematic entrepreneurship courses and resources for Chinese entrepreneurs from angel-round to A-round financing.
Trinity, an industrial code reading and sensor manufacturer, recently received tens of millions of yuan in angel investing led by Sequoia China Seed Fund.
Segway-Ninebot, a manufacturer of intelligent short-distance transportation and service robots, announced on Monday that the venture capital institutions under Sequoia Capital and Xiaomi had reduced their stake by nearly 6.5% in the past few months.
In last week’s VC news, digital interactive content development platform Cocos bagged $50 million from GGV Capital and others, SwooshTransfer added “millions of dollars” to its total fundraising pool, and more.
Seasoned investment firm Sequoia Capital's current chief Doug Leone has named Roelof Botha as his successor on Tuesday. Neil Shen will continue to lead the firm’s China business as the founding and managing partner.
Fabrie, an online design collaboration tool developer for the global design market, recently announced the completion of a Pre-A round of financing.
"Luoke Automobile", the automobile project of Chang Jing, founder and CEO of Roborock, had completed a financing round of $ 100 million at the end of 2021. This round was led by Tencent and followed by Sequoia Capital.
According to media reports on Wednesday, J&T Express has completed a C1 round of financing worth $1.735 billion, bringing its valuation to $19.77 billion. J&T Express denied the report.
Xingran (Shanghai) Investment Partnership (Limited Partnership) was formed by the strategic collaboration between Starbucks China and Sequoia Capital China on Sept. 8, 2020.
MiraclePlus RMB Fund I, L.P., recently completed a new round of funding, with Sequoia and former JD.com CEO Richard Liu among its investors.
Chehaoduo Group has recently raised an additional $200 million, adding to the $1.5 billion Series D round of financing raised earlier from investors including Softbank and Sequoia Capital China.
Global financial markets are struggling, having been crippled by the COVID-19 epidemic and the amount of VC deals has noticeably decreased.
Xiaohongshu's possible Series E, US-based food delivery company seeing a surge in contactless takeaway orders, a Chinese ed-tech startup providing online research counseling, a medical diagnostic company and a major local hotel chain.
On August 27, Annie Chen, founder and CEO of Kuaikan, a comic art platform in China, announced in an internal letter that the company has received an investment of $125 million from Tencent Holdings.
Following the release of a Reuters article on Sequoia Capital China's 20 percent cut of investment staff, Sequoia China has dismissed the report firmly, claiming that the published article is “nonsense” and a malicious attempt for defamation.