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Sequoia Capital China Raising $8B Worth Of New Funds

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Even as much of the private market seems to be grappling with a slowdown, raising big funds seem to be en vogue.

Earlier this month, it was reported San Francisco-based had closed more than $5 billion in two new funds that will be dedicated to both early- and late-stage investing. Now is said to be raising four new funds totalling $8 billion, .

Sequoia China鈥攚hose most notable investment for folks in the U.S. may be 鈥攈as been busy of late, according to SA国际传媒 data. The firm made 171 investments last year鈥攊ts most ever in one year. It already has made 31 thus far in 2022.

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News of the new funds seems to indicate Sequoia China is not afraid of some headwinds that are appearing in the market. Similar to the U.S., the Chinese stocks鈥攅specially tech鈥攈ave had a rough go of it this year, with private companies now seeing valuations cut. Changes in regulations in both China and the U.S. also have made it difficult for companies to list in the U.S.鈥攅liminating a potential exit option for investors.

The pace of regulatory change seemed to pick up after ride-hailing titan went public on the , only to delist months later when the Chinese government 鈥嬧媠aid it would investigate the company on suspicion it had violated data privacy and national security laws鈥攃ausing Didi鈥檚 shares to plummet.

On the other hand, the Asia venture market broke records last year, so maybe Sequoia China sees those headwinds as only a small blip in a much more lucrative story.

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