On October 8, Sequoia China announced that it had completed the holding acquisition of Jiangyin Pell Technology Co., Ltd. and its wholly-owned subsidiary at the end of September. After the transaction is completed, Sequoia China holds about 80% of Pell Technology's shares. The current management team holds the rest of the company's shares and will continue to be responsible for the company's daily operations. Pell Technology was founded in 2002 and is headquartered in Jiangyin City, Jiangsu Province. It is a company that has long focused on medical nickel-titanium materials, precision nickel-titanium components and precision assembly services.

On October 8, Sequoia China announced that it had completed the holding acquisition of Jiangyin Pell Technology Co., Ltd. and its wholly-owned subsidiary at the end of September. After the transaction is completed, Sequoia China holds about 80% of Pell Technology's shares. The current management team holds the rest of the company's shares and will continue to be responsible for the company's daily operations. Pell Technology was founded in 2002 and is headquartered in Jiangyin City, Jiangsu Province. It is a company that has long focused on medical nickel-titanium materials, precision nickel-titanium components and precision assembly services.