Sequoia Capital China in Talks for New $2.8 Billion Fund, Defying Malaise
This article does not mention anything about Notion. It focuses on Sequoia Capital's Chinese affiliate raising funds for a new Chinese currency fund from domestic backers, including the government of Hangzhou. The size of the fund, if it meets the target, would make it one of China's biggest domestic currency venture funds this year. The article also mentions that raising big yuan funds from state-backed investors is challenging in the current economic environment in China.