6/6, 2:22 PM (Source: TeleTrader)
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Sequoia Capital to split its business into three units

Sequoia Capital will split its business into three different, independent units amid growing geopolitical rivalry between China and the US, the Wall Street Journal reported Tuesday after seeing a note to investors.

The private equity firm told investors that each unit will be differentiated with a distinct brand, with the move to be completed by March 2024.

In addition, the European and US offices will continue under the Sequoia Capital name, while Sequoia China will assume its Mandarin name, HongShan.

Baha Breaking News (BBN) / JG