US fund Sequoia Capital accelerates in China

US fund Sequoia Capital accelerates in China

This is called contrarian investing. According to Theinformation.com, the Chinese subsidiary of Sequoia Capital, the California venture capital fund, has raised $9 billion in capital to support the country’s tech companies at all stages. The money will be distributed over four funds, from seed to the “growth” fund. The maneuver is bold on the part of the venture capital fund, one of the largest in Silicon Valley. The trend over the past two or three years has been towards caution or even withdrawal of investors from the Chinese market. To the disastrous effects of the pandemic and the Covid strategy led by the government, is added the takeover of the large national high-tech companies by the central power. Several major players have broken their teeth there, starting with the Japanese Softbank, which owes most of its big slack last year to China.

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