GGV Capital has split into two independent partnerships, one in the United States and one in Asia. GGV Capital will operate independently and will no longer use the GGV brand
ChainCatcher news, GGV Capital announced that it will split into two completely independent partnerships, each with its unique brand name. Among them, the U.S. partnership, led by managing partners Glenn Solomon, Hans Tung, Jeff Richards, and Oren Yunger, will primarily invest across North America, Latin America, Israel, Europe, and India/U.S. cross-border, with offices in Silicon Valley and New York. Meanwhile, the Asian partnership, led by managing partners Jenny Lee and Jixun Foo, will primarily invest in China, Southeast Asia, and South Asia, headquartered in Singapore.In addition, the RMB fund under the Jiyuan Capital brand will continue to be independently managed by managing partner Eric Xu. This transformation is expected to conclude in the first quarter of 2024.After this, Jiyuan Capital announced that it will no longer use the name GGV and has updated its official website address (www.jiyuancap.com). However, the website currently does not display its partnership composition, only listing several well-known investment projects, such as Xiaopeng Motors, Baibu, Sandunban, Moore Threads, JD Industrial, and more. The team's email will also correspondingly change; the original brand name "GGV 纪源资本" on official platforms like WeChat will be renamed to "纪源资本".Previous report, Sequoia Capital announced in June this year that it will split into three companies, with Sequoia China being rebranded as HongShan, and Sequoia India and Southeast Asia being rebranded as Peak XV Partners. Sequoia's U.S. and European businesses will maintain their affiliation with the original Sequoia Capital brand, with a completion deadline set before March 31, 2024.