Sequoia Capital announces three-way split to separate China business

Venture capital firm Sequoia Capital announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately.

The move, announced on June 6, is intended to decentralize back-office functions for the company. Citing increased global financial complexity and growing brand confusion, per a post on Twitter, Sequoia said it intends to embrace its “local-first approach.”

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