GGV Capital to Split Into Two Firms, Following Sequoia

Venture investment firm GGV Capital is splitting into two independent businesses focused on Asia and the US, following a similar move 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 ...