Neil Shen, founding and managing partner of Sequoia Capital China.
© Reuters
HONG KONG/BEIJING (Financial Times) — 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 U.S. operation.
