VC powerhouse Sequoia Capital announced Tuesday that it is splitting into three entities.
One of those entities, Sequoia China, known locally as HongShan, will operate as a distinct firm.
The mighty Sequoia Capital is dropping branches.
The decision puts to bed any question of a power struggle at one of Silicon Valley's most respected firms.
And unlike some other global firms that had veto power over investments overseas, according to Bloomberg, Sequoia China had full autonomy to strike its own deals.
Persons:
Roelof Botha, Neil Shen, Forbes, Alex Konrad, Doug Leone, Instagram, Bytedance, Botha, Shen, Julian Bek, Elon Musk's
Organizations:
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Locations:
Sequoia China, China, Europe, HongShan, India, Southeast Asia, Sequoia, Sequoia Capital China, Asia, Silicon Valley, London, FTX