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Sequoia Capital to Split into Three Separate Entities for US and Europe, China, and India and Southeast Asia

Sequoia, the largest global brand in venture capital, will be splitting up into three separate firms: Sequoia Capital for the US and Europe, HongShan for China, and Peak XV Partners for India and Southeast Asia.

The decision to separate was due to conflicts between the funds' respective startup portfolios, brand confusion, and the increasing complexity of maintaining centralized regulatory compliance. The new firms plan to complete the separation by March 2024 and will set up their own infrastructure, with partners not investing in each other's funds.

Despite recent negative headlines, Sequoia China remains a large shareholder in ByteDance, holding a 10% position potentially worth tens of billions of dollars.

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