Thursday, 3 April 2025
24.9 C
Singapore
26.8 C
Thailand
20.7 C
Indonesia
27 C
Philippines

A new era for GGV Capital as it splits into Granite Asia and Notable Capital

GGV Capital splits into Granite Asia and Notable Capital, marking a new chapter in venture capital with a focus on Asia-Pacific and the Americas.

After 24 years of fostering business relationships between the U.S. and China, the venture capital firm GGV Capital has divided its operations, introducing two new brands: Granite Asia and Notable Capital. This strategic move, occurring six months after the initial announcement of the split, marks a significant shift in the firm’s approach amidst the evolving U.S.-China relations.

Granite Asia emerges in Singapore

Jenny Lee and Jixun Foo, seasoned investors from Singapore, have launched Granite Asia. This new entity, as reported by Forbes, aims to continue the legacy of GGV Capital by focusing on investments in China, Japan, South Asia, Australia, and Southeast Asia. Lee, known for her influential presence on Forbesโ€™s Midas List and her successful investments, including Xiaomi and Kingsoft WPS, partners with Foo, recognized for his impactful deals such as Xpeng Motors and Didi. Granite Asia’s leadership signifies a strong foundation in the venture capital landscape, ready to nurture startups across various sectors in the Asia-Pacific region.

Notable Capital takes the helm in the U.S.

On the other side of the globe, Hans Tung, a co-founder of GGV Capital based in the Bay Area, introduced Notable Capital on X. This new venture aims to sustain GGV Capital’s investment ventures in the U.S., Europe, and Latin America. Tung, along with Jeff Richards and Glenn Solomon, who have made significant investments in companies like Airbnb, Coinbase, and Opendoor, will lead Notable Capital. This team of seasoned investors represents a deep commitment to fostering innovation and supporting startups across a diverse range of industries.

A strategic split amidst geopolitical tensions

The decision to split GGV Capital into two distinct brands comes in the wake of growing U.S.-China tensions. Although not explicitly stated as the primary reason for the separation, the geopolitical climate has undeniably influenced the venture capital landscape. This strategic move mirrors actions taken by other firms, such as Sequoia Capital, which also restructured its operations last year to navigate these challenges effectively. The creation of Granite Asia and Notable Capital reflects a proactive approach to adapt to the changing dynamics of global investments, aiming to leverage the strengths and expertise of their respective teams in different regions.

As GGV Capital transitions into Granite Asia and Notable Capital, the original firm’s legacy lives on through its experienced leaders and their vision for the future. With a collective management of nearly US$9.2 billion in assets, both new entities are poised to make significant impacts in the venture capital realm, continuing to support startups and innovations across the globe.

Hot this week

Android Auto beta now supports full-screen gaming

Android Autoโ€™s latest beta introduces full-screen gaming, allowing you to play Candy Crush Soda Saga and Angry Birds 2 while parked.

Intelโ€™s future in the GPU market looks uncertain

Intel may not release a high-end Battlemage GPU, and Arc Celestialโ€™s future is unclear, leaving gamers with limited options in a challenging market.

Anthropic introduces Claude for Education, a new AI chatbot plan for universities

Anthropic launches Claude for Education, an AI chatbot plan for universities that offers advanced learning tools and administration support.

Canon unveils new cameras and lens to support content creators’ video needs

Canon unveils video-focused EOS R50 V, PowerShot V1, and power zoom lens to support creators with new filming and livestreaming features.

LinkedIn: How AI is reshaping hiring and workforce strategies in 2025

Discover how AI is transforming hiring and workforce strategies in 2025, from skills-based recruitment to internal mobility and continuous learning.

Qualcomm expands AI research with MovianAI acquisition

Qualcomm has acquired Vietnamese AI research firm MovianAI to boost its AI development in smartphones, PCs, and software-defined vehicles.

Roblox introduces new parental controls to enhance child safety

Roblox introduces new parental controls, allowing parents to block games, restrict friends, and monitor their childโ€™s activity for better safety.

Anthropic introduces Claude for Education, a new AI chatbot plan for universities

Anthropic launches Claude for Education, an AI chatbot plan for universities that offers advanced learning tools and administration support.

Exabeam introduces Nova, an agentic AI that boosts cybersecurity operations

Exabeam unveils Nova, a proactive AI agent that boosts security team productivity and reduces incident investigation time by over 50%.

Related Articles