Sequoia Capital’s U.S. Partners May Reap China Gains Even After Split — The Information

Sequoia Capital on Tuesday told investors that by the first quarter of next year it would fully separate its U.S. and China venture capital operations, ending an 18-year run during which Sequoia Capital China became China's most successful VC firm and drove outsize returns for Sequoia's global investors.

But the separation, anticipated for years and related to a growing geopolitical conflict between the U.S. and China, won't stop Sequoia's U.S.-based investment partners and institutional investors from reaping rewards from stakes in high-profile Chinese startups such as TikTok's owner, ByteDance.