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)

HSG, previously known as Sequoia China, has launched a $3 billion continuation fund primarily backed by its investment in ByteDance, which is currently valued at $370 billion. This fund aims to provide investors with an opportunity to gain exposure to ByteDance's significant market presence and growth potential.