Insiders revealed that Sequoia China has established a new branch in Singapore, with plans to use it as its primary investment platform in Southeast Asia. This move potentially places Sequoia China (HongShan) in direct competition with Sequoia India/Southeast Asia (PeakXV), with the latter already operating an office in Singapore. In the past six months, several leading executives from Sequoia China have reportedly visited Singapore. The newly established office reportedly accommodates at least two members from Sequoia China’s core investing team. Despite the potential for rivalry, Sequoia China asserts that its robust relationship with PeakXV offers opportunities for collaboration. In response, PeakXV countered that the prospect of a partnership with Sequoia China far outweighs any possibility of competition. [Financial Times]