Sources: Sequoia's China unit HongShan set up an office in Singapore and may compete with Sequoia's India-based Peak XV Partners for Southeast Asia investments
HongShan told FT it had a “strong foundation of trust” with PeakXV and there would be opportunities for both teams to collaborate. Peak XV said: “The opportunities for collaboration [with HongShan] are far greater than the scope for competition.” https://www.ft.com/...