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GGV Capital's Asian arm rebrands to Granite Asia, expanding investment reach
Photo Source: TechCrunch
Sequoia India and SEA split from its US parent firm and rebranded to Peak XV last year. GGV Capital is now following a similar path by rebranding its Asian operations to Granite Asia.
Strategic Decision: GGV Capital, headquartered in Menlo Park, announced months ago its decision to divide its business into two firms, with one focusing on Asia and the other on the US.
Broadened Investment Scope: Granite Asia aims to broaden its investment scope to include new markets and asset classes within the Asia Pacific, including Japan and Australia.
Influence of External Factors: The decision was speculated to have been influenced by the growing challenges and political pressure on US companies to reduce their investments in Chinese tech.
Continued Management: After the rebrand, Granite Asia will continue to manage GGV’s portfolio in Southeast Asia, China, and India.