GGV Capital to Split Into Two Firms, Following Sequoia

(Bloomberg) — Venture investment firm GGV Capital is splitting into two independent businesses focused on Asia and the U.S., following a similar move by Sequoia Capital during mounting geopolitical tensions between the world’s two superpowers.

GGV will become two standalone partnerships, with distinct firms and separate new brands, a move that’s slated to be completed by the end of March, the company said in a statement Thursday.