News Snapshot:
The China arm of Sequoia Capital, one of the country’s top technology industry financiers, is looking to invest in up to 30 early-stage start-ups, as the venture capital firm continues to bet on the Chinese tech sector despite challenges. The inaugural six-week accelerator programme, named Yuè, plans to provide US$1 million in funding to each admitted founder that “successfully graduates”, the company said in a statement on Monday. Classes will be taught by the firm’s partners in China, while founding and managing partner Neil Shen, one of China’s top technology industry deal-makers, will also attend sharing sessions at the beginning...
