ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

‘Smart Money’ Tools Reveal Where Crypto Capital Is Moving

March 22, 2023

Undeads Announces the Prize Pool of MAYC, BAKC and Otherdeed NFTs for It’s Holders

March 22, 2023

Animoca Brands & Hex Trust’s Joint Venture

March 22, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    ‘Smart Money’ Tools Reveal Where Crypto Capital Is Moving

    March 22, 2023

    Undeads Announces the Prize Pool of MAYC, BAKC and Otherdeed NFTs for It’s Holders

    March 22, 2023

    Polygon Teams Up With Ethereum-Based Crypto Project To Create Blockchain Dedicated to Gaming

    March 22, 2023

    Crypto Game Aavegotchi to Build Custom Blockchain Using Polygon Technology

    March 22, 2023

    Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023

    March 22, 2023

    Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023

    March 22, 2023

    Cathie Wood’s ARK sells Coinbase stock for the first time in 2023

    March 22, 2023

    The impact of the Credit Suisse bank crisis on the crypto market

    March 22, 2023

    BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome

    March 22, 2023

    Arbitrum airdrop hype helps zkSync addresses jump over 5X in a week

    March 20, 2023

    Synthetix nets $20M from Web3 quant trading firm

    March 20, 2023

    These 5 cryptocurrencies may continue to surprise to the upside

    March 19, 2023

    Why is Cardano price up today?

    March 22, 2023

    Coinbase Adds Highly Anticipated Ethereum (ETH) Scaling Solution Token to Listing Roadmap

    March 22, 2023

    ‘Crypto FUD’ — Industry outraged as White House report slams crypto

    March 22, 2023

    Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

    March 21, 2023

    ‘Smart Money’ Tools Reveal Where Crypto Capital Is Moving

    March 22, 2023

    Undeads Announces the Prize Pool of MAYC, BAKC and Otherdeed NFTs for It’s Holders

    March 22, 2023

    Animoca Brands & Hex Trust’s Joint Venture

    March 22, 2023

    Polygon Teams Up With Ethereum-Based Crypto Project To Create Blockchain Dedicated to Gaming

    March 22, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    Hottest ZK Crypto Altcoins (What Whales are Buying for Bull Run Gains)

    March 21, 2023

    Surprise XRP PUMP! (CBDCs BANNED Forever)

    March 21, 2023

    Coinbase 🤝 SBF?! #crypto #shiba #shorts #youtubeshorts

    March 21, 2023

    The Next 50x Altcoin – Ethereum’s SECRET Weapon!

    March 21, 2023

    Bitcoin price is going to $1,000,000! ⚡ Jack Mallers explains why

    March 20, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.001.14% 24H
    BITCOIN
    24H : 1.14%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.040% 24H
    ETHEREUM
    24H : 0.040%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.11% 24H
    TETHER
    24H : -0.11%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-2.96% 24H
    BNB
    24H : -2.96%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.000.100% 24H
    USD COIN
    24H : 0.100%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.21% 24H
    XRP
    24H : -3.21%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.006.41% 24H
    CARDANO
    24H : 6.41%
    Volume : $0.00
    Marketcap : $0.00
  • dogecoinDogecoin(DOGE)
    $0.001.66% 24H
    DOGECOIN
    24H : 1.66%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.001.14% 24H
    BITCOIN
    24H : 1.14%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.040% 24H
    ETHEREUM
    24H : 0.040%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.11% 24H
    TETHER
    24H : -0.11%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-2.96% 24H
    BNB
    24H : -2.96%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.000.100% 24H
    USD COIN
    24H : 0.100%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.21% 24H
    XRP
    24H : -3.21%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.006.41% 24H
    CARDANO
    24H : 6.41%
    Volume : $0.00
    Marketcap : $0.00
  • dogecoinDogecoin(DOGE)
    $0.001.66% 24H
    DOGECOIN
    24H : 1.66%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Crypto investor Sequoia Capital China reportedly raises $9 billion
Bitcoin

Crypto investor Sequoia Capital China reportedly raises $9 billion

Coin TelegraphBy Coin TelegraphJuly 5, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Sequoia Capital China, the Chinese affiliate of cryptocurrency-friendly venture capital firm Sequoia Capital, is about to raise $9 billion for its four new funds focused on Chinese startups.

In raising the capital, Sequoia China has already exceeded its initial target of roughly $8 billion, The Information news agency reported on July 4, citing two people familiar with the matter.

The report notes that the final amount of the raise is supposed to be the biggest pool of capital ever raised by a single VC firm focused on Chinese technology startups.

The funding round signals the growing investor appetite for tech investment in China coming despite a major decline in the stock market as well as China’s crackdown on tech companies, which triggered a slowdown in investments by Sequoia’s global competitors.

Sequoia China reportedly plans to close the round sometime this week, with 50% of the raise being oversubscribed.

According to some local investors, major VC firms like Sequoia China and Hillhouse were still raising money despite many American wealth and pension funds halting China investments in 2022.

“Only Sequoia and Hillhouse can raise money from international investors right now, they see it as lower risk, like making an index fund investment,” one Beijing-based investor reportedly said.

Founded in 2005, Sequoia China is one of the world’s biggest tech VC firms, known for investing in TikTok operator ByteDance.

Related: Crypto lending platform Babel Finance reaches counterparty debt agreement

Sequoia China has also backed a number of crypto and blockchain-related firms, including the troubled Asian crypto lender Babel Finance, which halted withdrawals in mid-June amid the ongoing crypto lending crisis. As previously reported, Sequoia Capital China was among lead investors in a $40 million Series A funding round in Babel Finance in May 2022.

Sequoia China also previously led funding rounds for other industry platforms like the cryptocurrency wallet DeBank in 2021.

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023

March 22, 2023

Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023

March 22, 2023

Cathie Wood’s ARK sells Coinbase stock for the first time in 2023

March 22, 2023

The impact of the Credit Suisse bank crisis on the crypto market

March 22, 2023

Bitcoin Breakout in Sight As BTC Flashes 2019-Style Accumulation, According to Top Analyst – But There’s a Catch

March 22, 2023

Bitcoin $30K bets greet FOMC as analyst warns over long liquidations

March 22, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

‘Smart Money’ Tools Reveal Where Crypto Capital Is Moving

March 22, 2023

Undeads Announces the Prize Pool of MAYC, BAKC and Otherdeed NFTs for It’s Holders

March 22, 2023

Animoca Brands & Hex Trust’s Joint Venture

March 22, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.