Yes. According to the official website of the People's Republic of China and the Ministry of Public Security, Sequoia New Retail is a fraud and a loan fraud platform. The Sequoia Capital platform induces fraud by placing orders. New retail means that enterprises rely on the Internet to upgrade and transform the production, circulation and sales process of goods by using advanced technologies such as big data and artificial intelligence, thereby reshaping the business structure and ecosystem, and improving online services, A new retail model that deeply integrates offline experience and modern logistics.