HONG KONG (Reuters) – Global venture capital giant Sequoia announced Tuesday that it is planning to separate China and India and Southeast Asia businesses into independent firms.
In a statement signed by the firm’s managing partners Roelof Botha, China head Neil Shen and India head Shailendra Singh, Sequoia said the China and India and Southeast Asia businesses will become completely independent partnerships and become distinct firms with separate brands no later than March 31, 2024.
The firm’s US and Europe venture business will be Sequoia Capital, after the separation, the statement said.
(Reporting by Kane Wu, Editing by Louise Heavens)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.