Venture capital firm Sequoia Capital plans to split its China and India-Southeast Asia operations into separate entities due to rising geopolitical tension, while its US and Europe operations will retain the existing name, Sequoia Capital. Led by Neil Shen, Sequoia China will retain its Chinese brand name and go by “HongShan” in English. The Silicon Valley-based company stated on Tuesday that “it has become increasingly complex to run a decentralized global investment business.” The spin-off is scheduled to conclude by March 2024. Over the course of nearly two decades, Sequoia has invested in more than 1,200 Chinese companies, including Meituan, a food delivery firm, PDD (parent company of Temu), and ByteDance, the owner of TikTok. [Reuters]