Sequoia Capital’s former China unit has raised an Rmb18bn ($2.5bn) fund, defying a fundraising freeze that has hit rivals and building its war chest to invest in technology start-ups in the country.
HongShan, the Beijing-based group that split off last year from one of the world’s largest venture capital firms over geopolitical issues, successfully closed the renminbi fund in March, according to two people with knowledge of the matter.
It is the largest fundraising by a privately owned VC firm in China in the past year, marking the ongoing influence commanded by its founder Neil Shen, widely considered the country’s most powerful tech investor.
您已閱讀21%（650字），剩餘79%（2497字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。