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.
Among the world's best venture capital partners in 2019, Neil Shen, founding and managing partner of Sequoia Capital China, ascended the throne.
iMarkets reported on January 31 that Sequoia Capital, which has invested in Google and Apple, plans to raise an $8 billion venture capital fund to support Chinese investors.
On October 19, Meituan, China's largest Internet + life service platform, announced that it had completed a new round of financing worth $4 billion and its valuation is expected to reach $30 billion.