Sequoia's decision to split China business likely to influence other companies

Sequoia's decision to split China business likely to influence other companies

FILE PHOTO: Neil Shen, founding and managing partner of Sequoia Capital China, attends the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song

The decision by US venture capital giant Sequoia Capital to split off its China division reflects the growing impact of tensions between Washington and Beijing on startup investment in Silicon Valley.