Medtronic PLC, a global medical device maker, has partnered with Sequoia Capital to establish a $60 million joint investment fund, which will invest in healthcare technology startups aimed at China’s market. Suzhou BioBay joined as a limited and strategic partner. The ideal investment candidate will be a new China company with the potential to succeed in global markets. Ex-China companies that are developing products suited for the China market will also be considered.
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