Sources: HSG, formerly Sequoia China, has set up a $3B continuation fund anchored by its ByteDance stake, offering entry into the company valued at $370B (Bloomberg)

Bloomberg:
Sources: HSG, formerly Sequoia China, has set up a $3B continuation fund anchored by its ByteDance stake, offering entry into the company valued at $370B  —  HSG, the investment firm formerly known as Sequoia Capital China, has closed a $3 billion continuation vehicle anchored by a stake in ByteDance Ltd. …