Sequoia Capital China is said to have led a US$400 million pre-IPO round in Beijing-based Bitcoin miner and mining chip designer Bitmain Technologies Ltd., valuing the firm at US$12 billion, according to Chinese local media reports citing insiders.
Sequoia China has led a US$50 million series C round in Suzhou-based antibody discovery and development firm Adagene Inc.
Sequoia China has led a US$40 million series C round in Mountain View-based artificial intelligence-powered fraud detection solution provider DataVisor, according to an announcement.
WuXi NextCODE, a genomic big data platform resulted from a merger between Chinese contract research outsourcing provider WuXi AppTec’s genome center and NextCODE, has raised a US$240 million series B financing led by Sequoia Capital China. The round is among the largest venture financing deals for a start-up in the healthcare sector in China.
Chinese e-commerce giant Alibaba Group has netted at least US$1 billion in proceeds by selling most of its shares of location-based social networking mobile app firm Momo Inc. The divestment locks in a net gain of at least 50-times the e-commerce company’s initial investment.
Chinese co-working space start-up UrWork has raised a new round of financing worth RMB400 million (US$58 million) from Tianhong Asset Management Co., Ltd., a fund management firm affiliated with Ant Financial, Chinese property developer Junfa Group and a number of other Chinese companies.
Mountain View, California-based professional social media platform LinkedIn is planning to set up a joint venture with Sequoia China and China Broadband Capital (CBC) to expand its business in China, according to media reports.
Menlo Park, California-based Sequoia Capital disclosed that it has raised two venture capital funds to invest in China, according to security fillings.