A delivery man walks near a Chinese flag in Beijing on Monday. Photo: AP Photo
A delivery man walks near a Chinese flag in Beijing on Monday. Photo: AP Photo

Sequoia Capital China opens start-up accelerator despite tech crackdown, slowing economy

  • The venture capital firm plans to provide US$1 million in funding to each successful graduate of its inaugural six-week accelerator programme
  • The move comes as China’s tech sector grapples with the fallout from a regulatory crackdown, a weakening economy and geopolitical headwinds

A delivery man walks near a Chinese flag in Beijing on Monday. Photo: AP Photo
A delivery man walks near a Chinese flag in Beijing on Monday. Photo: AP Photo
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