Sequoia Capital' s decision to split into three separate venture capital (VC) entities could reduce certain security concerns for the firm's China operations, but the new enterprise will need to quickly establish its brand, a senior executive at a large Chinese private equity (PE) firm told Caixin. The VC giant, whose Chinese investments have included Alibaba Group Holding Ltd., food delivery app Meituan, and TikTok owner ByteDance Ltd., said Tuesday that it would turn its three regional divisions — the U.

https://www.caixinglobal.com/2023-06-09/sequoias-overhaul-puts-china-spinoff-under-the-spotlight-102063637.html

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