GGV Capital, a U.S. venture capital firm, plans to split its business into two entities, one focusing on Asia and the other on the U.S., amid increasing political pressure on American companies to limit investments in Chinese technology. The move follows a similar decision by Sequoia Capital in June. GGV Capital's Singapore arm, which will solely invest in China, is expected to complete the separation by the first quarter of 2022.
from Tech-Economic Times https://ift.tt/dHoJptw
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