News Snapshot:
US investment firm Sequoia Capital, which has invested in several Chinese companies such as ByteDance, Shein and Envision Energy, was the world’s most prolific venture capital institution in the year’s first half. A report by Hurun Research Institute ranking companies that have made the most investments during this period found that Sequoia Capital had invested in 328 unicorns and “gazelles” in this period. A gazelle is a high-growth company valued at US$500 million to US$1 billion. It is smaller than a unicorn, which is a privately held start-up valued at more than US$1 billion. Sequoia Capital added an additional 43...
