https://www.reuters.com/article/us-starquestcapital-fundraising/exclusive-sequoia-china-to-raise-6-billion-in-new-fund-with-state-owned-partner-sources-idUSKBN1KZ0FQ

Sequoia Capital China is teaming up with a state-owned venture capital (VC) fund and e-commerce powerhouse JD.com to raise up to 40 billion yuan ($5.81 billion) for a new investment firm to focus on late-stage tech investments, sources said.