Sources: HongShan, formerly Sequoia China, raised a $2.5B fund; the new RMB fund can more easily invest in sensitive tech than its prior $9B fund raised in USD (Financial Times)

Financial Times:
Sources: HongShan, formerly Sequoia China, raised a $2.5B fund; the new RMB fund can more easily invest in sensitive tech than its prior $9B fund raised in USD  —  Neil Shen's HongShan creates renminbi vehicle with more scope to invest in sensitive technologies than previous $9bn fund