Private equity firms Hony Capital and CITIC Private Equity, along with venture capital firm Sequoia Capital, have agreed to exit China-listed online and TV shopping company Happigo Home Shopping via share sales on the Shenzhen Stock Exchange. Hony, CITIC and Sequoia will sell stakes of approximately 19 percent, nine percent and five percent, respectively. The investors will gradually exit their stakes in the next six months at a price no lower than 80 percent of the company's initial offering price. Upon completion, all three sales will represent complete exits for the firms.