Sequoia-backed Chinese cloud tech firm Yuntongxun weighs $500m IPO

Sequoia-backed Chinese cloud tech firm Yuntongxun weighs $500m IPO

REUTERS/Fabrizio Bensch/Files

Chinese cloud communications company Beijing Ronglian Yitong Information Technology Co., also known as Yuntongxun, is weighing an initial public offering that could raise as much as $500 million, people with knowledge of the matter said.