The Rising Influence of Rising Affluence

[DewDiligence]

Sequoia preempts “KFC Call”—protects US business from China taint:

https://www.wsj.com/articles/venture-capital-firm-sequoia-to-separate-china-business-as-political-tensions-rise-36e54f85

Sequoia Capital, one of the most powerful names in technology investing, said it would separate its China and U.S. businesses…

…The Silicon Valley-based firm, famous for investments in startups including the owner of social media platform TikTok, epitomized the once symbiotic relationship between tech investors on both sides of the Pacific.

… The split takes place as the firm has come under increasing pressure from officials in Washington over its China business. U.S. national security officials have grown concerned about the two-way flow of money and information among tech companies and their investors. They worry that Chinese investors in U.S. tech companies could lead a foreign adversary to gain information about sensitive burgeoning technologies such as artificial intelligence.

Killing two birds with one stone.