According to news on September 22, GGV Capital announced that it will be divided into two completely independent partnerships, each partnership will have its own unique brand name. The U.S. partnership, led by managing partners Glenn Solomon, Hans Tung, Jeff Richards and Oren Yunger, will invest primarily in North America, Latin America, Israel, Europe and India/U.S. cross-border, with offices in Silicon Valley and New York. The Asia partnership, led by managing partners Jenny Lee and Jixun Foo, will invest primarily in China, Southeast Asia and South Asia and will be headquartered in Singapore. In addition, RMB funds under the Jiyuan Capital brand will continue to be independently managed by managing partner Eric Xu. The transformation is expected to be completed in the first quarter of 2024.