
Sequoia China Unveils Hóng, A Digital Virtual Employee
Prominent investment institution Sequoia China launched its first digital virtual employee, named Hóng, on July 11.
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Prominent investment institution Sequoia China launched its first digital virtual employee, named Hóng, on July 11.
According to the official website of China Securities Regulatory Commission (CSRC), the examination of qualified foreign institutional investor (QFII) of Sequoia China Equity Partners (SCEP), Sequoia Capital China's affiliate for open market, has been accepted.
SnowyOwl Tech, a sports technology company, has completed another two rounds of financing, Angel investing and Angel + investing, with a cumulative amount worth tens of millions of yuan.
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.
Sequoia China Seed Fund announced on February 28 that its Fund III had raised $480 million last year and has officially entered the investment period. This is the third US dollar fund raising completed in five years since 2018.
On Feb. 26, the Chinese venture of Canadian coffee giant Tim Hortons completed its second round of financing, although the precise amount of new investment remains undisclosed.
Sequoia China announced Thursday that it has led round-A investment in DESTREE, a Paris-based fashion and accessories brand. The specific financing amount was not disclosed.
Solidrocks Technology, a security company based in Ningbo, has recently received investment from Sequoia Capital China. The company's previous angel-round financing attracted participation from Plum Ventures and Weed Ventures Capital.
Suzhou-based chip design company Yige Technology, also known as EagleChip, announced on August 31 its completion of angel investment totaling 286 million yuan ($41.5 million).
Global e-commerce SaaS platform Dianxiaomi announced on August 16 its completion of round-D financing totaling $110 million, led by Sequoia China and Softbank Vision Fund II.
Neil Shen, the founding and managing partner of Sequoia Capital China and director of food delivery giant Meituan, had recently reduced his share holdings in the food delivery company.