In the News: GGV Capital Splits Asia Partnership From Rest of Business; Shanghai Recognizes Bitcoin; and China Eases Capital Controls

September 27, 2023 | BY

Brian Chan

GGV capital is breaking up its business into two, separating its Asia partnership; A Shanghai court has recognized Bitcoin as a currency; and China eases capital controls in an effort to attract foreign investment.

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Credit: metamorworks/Adobe Stock

GGV Capital Breaks up Its Business, Separates Asia From Rest of Partnership

U.S. venture capital firm GGV Capital plans to split its business into two, with one focused on Asia