US venture firm GGV capital to separate China business

GGV Capital, a US venture capital firm, has announced plans to split its business into two separate entities, one focusing on Asia and the other on the US. The move comes as American companies face increasing pressure to limit investments in Chinese technology. GGV’s US partnership will primarily invest in North America, Latin America, Europe, Israel, India, and cross-border deals from its offices in Silicon Valley and New York.