Sequoia set to invest $2.4 billion into startup growth in China — despite the ongoing US - China tech war

Today more venture firms are moving towards India and Southeast Asia instead of China.


Syamil Faisal

9 Dec, 2019

Sequoia set to invest $2.4 billion into startup growth in China — despite the ongoing US - China tech war | BEAMSTART News

- From our Sponsors -

Sequoia Capital has secured $3.4 billion to invest in both the US and China — allocating $2.4 billion for China venture and growth deals.

Sequoia is not the only one grabbing China’s growth opportunities — South Korea’s SK Group recently launched an $850 million deal with China’s equity firm; Hillhouse Capital to invest in Chinese startups.

As other venture firms are heading to India and Southeast Asia, Sequoia and Hillhouse stand to face less competition on investment deals and enjoy lower valuations.

On the other end, the emerging third startup generation in China will get to benefit from this sum of funding — after the establishment of China’s BAT (Baidu, Alibaba and Tencent) and TMD (Tiktok, Meituan and Didi).

- From our Sponsors -

Latest Jobs

Account Manager (Hybrid)

Pinkerton

New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly

GROCERY SHOPPER UP TO $11/H !THEY ORDER, YOU SHOP!

RecruitFirst

SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

[URGENTLY NEEDED] Portuguese to English Proofreader

Elite Asia

Malaysia

Contract / Freelance

Salary Undisclosed

Junior Accounts Cum Admin Assistant

LABEL-LINE CORPORATION PTE LTD

Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers

TWGT

Manila, Philippines

Full Time

USD 2000 monthly

Financial Officer

PIVOT Fintech Pte Ltd

60, #11-25 Paya Lebar Rd, Paya, Singapore

Full Time

USD 5000 — USD 8000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).