The venture capital giant Sequoia Capital is splitting its China business into a separate entity amid rising tensions between Washington and Beijing.
The renowned Silicon Valley firm, which made bets on fast-growing tech companies such as TikTok parent ByteDance and Alibaba, said on Tuesday it will run its Chinese business as a “completely independent” entity from its US operation.
The Chinese arm will give up the Sequoia name and instead be called HongShan, a romanisation of its Chinese name.
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