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https://www.wsj.com/articles/sequoia-faces-up-to-the-new-u-s-china-reality-d1e131bd

Sequoia Faces Up to the New U.S.-China Reality

Venture-capital firm’s split speaks volumes about how quickly bilateral trust has evaporated

By Jacky Wong
Sequoia’s China unit is led by veteran investor Neil Shen. Photo: ALY SONG/REUTERS

The breakup of venture capital giant Sequoia Capital is a shrewd move to navigate increasingly treacherous waters running between China and the U.S. It also signifies the end of an era—one in which investors and tech entrepreneurs in the world’s two largest economies embraced each other for mutual benefit.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.