On April 29, Sequoia China’s new RMB fund, namely Sequoia China’s RMB 7 Science and Technology Innovation Fund, landed in Hangzhou. Hangzhou State-owned Capital Investment and Operation Co., Ltd. and Hangzhou’s Linping and Lin’an districts indicated that they will jointly invest to support Sequoia China’s RMB 7 Science and Technology Innovation Fund to continue to focus on China’s industrial development opportunities, focusing on technology, medical and health care, and consumer services. Actively seek investment opportunities in other fields, and vigorously support the development of high-quality, fast-growing early-stage and growth-stage companies. The new fund launched this time will still focus on selecting technologically innovative enterprises in different stages such as early stage and growth stage as the investment focus.
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