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Sequoia Capital China Denies Layoff Report

By Juro Osawa
· · Source: The Information

Sequoia Capital China denied a Reuters report that said the venture capital firm was laying off as much as 20% of its investment staff.  “Sequoia China is not downsizing its team,” the company said in a statement Wednesday. “Despite inaccurate reporting in the media, our team in China added 13 new investors in the last year alone.” The Reuters report, published earlier this week, said Sequoia...

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