Sequoia Capital Separates From China Affiliate Ahead of Schedule

Sequoia Capital has finalized a key aspect of its landmark breakup with its Chinese and Indian affiliates one month ahead of schedule.

The Menlo Park, Calif.-based venture firm has completed the process of separating IT systems and other back-end functions such as finance and accounting from the Chinese and Indian entities, formerly known as Sequoia Capital China and Sequoia Capital India, according to two people familiar with the matter. The divestiture, which is related to a growing geopolitical conflict between the U.S. and China, marks the beginning of a new era in which powerhouse investor Neil Shen, who has run the Chinese affiliate since 2005, could compete directly with his Silicon Valley counterpart, run by Roelof Botha.