IDG, Sequoia Partner With Chinese Travel Agency To Launch Tourism Fund

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Sequoia Capital China and IDG Capital have teamed up with Chinese travel agency China CYTS Tours Holding Co., Ltd. to establish an investment vehicle, the CYTS Hongqi Fund, to capitalize on consumer upgrade in the tourism industry, according to a company filing submitted by Shanghai-listed CYTS.

The joint vehicle did specify how much capital they aim to raise from third-parties in total.

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