https://techcrunch.com/2023/06/06/sequoia-rebrands-china-india-and-southeast-asia-units/

Sequoia is splitting into three entities — Sequoia Capital in U.S. and Europe, Peak XY Partners in India and Southeast Asia, and HongShan in China — as the storied venture firm scrambles to assess the increasing complex of managing a decentralized operation. 

The split — which will go into effect by March next year — comes amid the growing geopolitical tension between China and the U.S., the world’s two largest economies. The India and Southeast Asia unit has also confronted some optics and governance issues at its portfolio firms.