GGV Capital to Split Into Two Firms, Following Sequoia [BNN Bloomberg (Canada)]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: BNN Bloomberg
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. “Over the last decade, the investment landscape has shifted significantly, and the operating environment has become highly complex,” GGV said in the statement. “Against these new realities, GGV is also evolving.” The US partnership, led by managing partners including Glenn Solomon and Hans Tung, will invest primarily in the US and Europe, GGV said. The Asia firm will focus on China, Southeast Asia, and South Asia, from its Singapore headquarters led by Jenny Lee and Jixun Foo. The yuan-denominated funds will continue to operate independently under the Jiyuan brand. GGV — which manages $9.2 billion in assets — has backed Chinese technology behemoths including Alibaba Group Holding Ltd., ByteDance Lt
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