GLP and Sequoia China completed an $800m investment in Harvest Capital.

GLP, an investment management firm, and Sequoia China, a venture capital firm, completed an $800m investment in Harvest Capital, a consumer private equity firm. "The systematic injection of the long-term capital coupled with the capital management capabilities of an insurance company, the global warehousing, logistics and real estate fund management capabilities of GLP and the world-renowned investment capabilities of Sequoia China are a recognition of Harvest Capital as a professional consumer investment institution and a big bet on China's consumption sector," Song Xiangqian, Harvest Capital Founding Partner and Chairman.