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HongShan, spun out of Sequoia last year, is reportedly struggling to invest its huge war chest | TechCrunch

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Summary
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83% Informative

HongShan, the Chinese investment firm spun off from Sequoia Capital in 2023 , is expanding into Europe and North Asia .

Limited partners have grown frustrated with how slowly the firm is deploying the $9 billion in capital commitments it secured two years ago .

The firm has taken a bigger bite of existing Chinese portfolio companies like TikTok ’s parent company ByteDance and an Instagram clone.

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formal

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English

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61

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