Sequoia China, Yunfeng Capital lead $228m round in Chinese rice brand Shiyue Daotian

Sequoia Capital China and private equity (PE) firm Yunfeng Capital, co-founded by Alibaba Group’s Jack Ma, have jointly led a Series B round of 1.45 billion yuan (about $228 million) in Shiyue Daotian, an agriculture brand famous for its rice grown in northeastern China.