GGV, which had US$9.2 billion in assets when it unveiled the split last year, is known for being an early investor in Chinese technology giants including Alibaba Group Holding, ByteDance and Xiaomi Corp. GGV, whose US headquarters are in Menlo Park, California, also invested in Airbnb Inc. and Slack before the latter was acquired by Salesforce Inc.
Fresh off a split from its US counterpart, the Asia business of venture-capital firm GGV Capital is considering raising money to invest in private debt for the first time, according to people familiar with the matter.
GGV Capital, a global tech-investing powerhouse, has completed the separation of its US and Asia operations to form two standalone and independent partnerships, GGV said in a statement published Saturday on X. The firm had announced plans to break apart in September, months after a similar move by its larger peer Sequoia Capital during heightened geopolitical tensions between the world’s two superpowers.
