By Kane Wu (Reuters) -U.S. venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other on the U.S., as political pressure mounts on American companies to limit investments in Chinese technology. GGV said in a statement on social media X its U.S. partnership will invest primarily in North America, Latin America, Israel, Europe, India, and U.S. cross-border deals from offices in Silicon Valley and New York. Its Asia partnership, headquartered in Singapore, will focus on China, Southeast Asia and South Asia, the firm said.

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