[Sequoia China Reportedly Seeks to Raise $1.2 Billion for Its First USD Fund Since Going Solo] According to reports from CLS, sources revealed that Sequoia China has initiated preliminary discussions with investors regarding multiple funds, including its first USD fund since operating independently. Sources stated that the investment firm is negotiating to raise at least $1.2 billion for an early-stage investment fund to support companies in the AI, healthcare, and consumer sectors. They also mentioned that Sequoia China is considering establishing a growth fund, though the specific timeline and size have yet to be determined. One source added that the firm is also contemplating a fund denominated in RMB. Sources indicated that the new funds will continue to focus on the Chinese market, but the firm will remain open to opportunities in overseas markets.