US Investment Firms Split Operations Amid Scrutiny

July 3, 2024

US efforts to restrict investments in China’s high-tech sectors have led some investors to lose interest in the market, altering the global investment landscape. As a result, US-based venture funds are reorganizing their operations. Sequoia Capital, for instance, split its global business into three geographic units, with one unit focused on China and renamed HongShan. The reshaping of these venture funds’ operations reflects the growing complexity of running a decentralized global investment business amidst escalating political tensions.