ByteDance Stake Anchors $3 Billion Fund In Win for Investor HSG

ByteDance Stake Anchors $3 Billion Fund In Win for Investor HSG

HSG, the investment firm formerly known as Sequoia Capital China, has closed a $3 billion continuation vehicle anchored by a stake in ByteDance Ltd., according to people familiar with the matter. The move allowed some US investors to exit the highly-scrutinized asset.

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