Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business

Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business

FILE PHOTO: Flags of U.S. and China are seen in this illustration picture taken August 2, 2022. REUTERS/Florence Lo/Illustration

US venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other on the US, as political pressure mounts on American companies to limit investments in Chinese technology.

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