GGV Asia Mulls Expansion Into Private Credit After Split with US

News Snapshot:

(Bloomberg) -- 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 social media site formerly known as Twitter. The firm had announced plans to break apart in September, months after a similar move by its larger peer Sequoia Capital during...