Cointime

Cointime

Download App
iOS & Android
Home / Financing

GGV Capital Splits Into Two Separate Partnerships To Focus on Different Geographic Markets

On September 22, GGV Capital announced that it will be divided into two completely independent partnership enterprises, each with its own unique brand name. The American partnership enterprise, led by managing partners Glenn Solomon, Hans Tung, Jeff Richards, and Oren Yunger, will mainly invest in North America, Latin America, Israel, Europe, and India/US cross-border, with offices in Silicon Valley and New York.

The Asian partnership enterprise, led by managing partners Jenny Lee and Jixun Foo, will mainly invest in China, Southeast Asia, and South Asia, with headquarters in Singapore. In addition, the RMB fund under the brand of Jiyuan Capital will continue to be independently managed by managing partner Eric Xu. The transformation is expected to be completed in the first quarter of 2024.

investment China
Comments

All Comments

Recommended for you

  • Tetra Digital Group, a digital asset infrastructure company, has secured approximately $10 million in funding.

     Tetra Digital Group, a Canadian digital asset infrastructure provider, announced the completion of approximately $10 million in financing, with investors including Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. As part of this investment, Tetra and its partners plan to become the first financial institution to launch a Canadian fiat-backed stablecoin in early 2026, pending regulatory approval. The new Tetra stablecoin will leverage Tetra Digital Group's institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency, backed by Canadian dollar reserves at a 1:1 ratio.

  • Lead Bank raises $70 million at a $1.47 billion valuation

    Lead Bank, a Missouri bank with a 97-year history, is currently restructuring to serve financial technology and cryptocurrency companies. The company has raised $70 million, with a valuation of $14.7 billion, almost double that of last year, aiming to expand its balance sheet and customer base.

  • Crypto trading platform OrangeX completes $20 million Series B funding

    cryptocurrency trading platform OrangeX has successfully completed a $20 million Series B financing round, led by Kryptos, with continued support from SCI Ventures and other major investors. The new funds will be used to strengthen core infrastructure and accelerate global market expansion.

  • BONK Treasury Company Safety Shot Completes US$30 Million in Financing

    On August 25th, BONK treasury company Safety Shot announced the completion of a $30 million financing round, led by FalconX. The transaction includes a direct issuance of approximately $5 million in cash and a simultaneous private placement of $25 million, paid in BONK tokens by BONK founding members.

  • Commission-free trading platform Midas secures $80 million in funding at a valuation of nearly $1 billion

    according to Bloomberg, Turkey's first commission-free trading platform Midas is valued at nearly $1 billion after its latest funding round. The company announced earlier this week that it had secured $80 million in funding, setting a new record for funding for a Turkish financial technology company. This round of funding was led by QED Investors, with additional investors including the International Finance Corporation (IFC) and existing investors Spark Capital. With this, Midas' total funding has reached $140 million. Midas is the owner of Istanbul brokerage firm Midas Menkul Degerler AS, and is seen as the Turkish version of the "Robinhood" trading platform.

  • August 19th Midday Update: Key Developments at a Glance

    7:00-12:00 Keywords: SoftBank, Intel, Federal Reserve

  • AI-native platform Sola completes $17.5 million Series A funding round, led by a16z

    AI native platform Sola completed a $17.5 million Series A financing round, led by a16z. Sola uses AI robots to automate workflows. Their agents observe how users perform tasks on the screen and can automatically handle these tasks even in traditional tools without APIs or integrations.
  • Ana Paula Pereira ·

    Sam Bankman-Fried's perspective on FTX fall

    Sam Bankman-Fried testified in court this week, denying any wrongdoing between FTX and Alameda Research despite admitting “big mistakes."
    Sam Bankman-Fried's perspective on FTX fall

  • Encryption Fund MT Capital Received $10 Million Investment From BM Fund, a Canadian Family Office

    BM Fund, a well-known family office in Canada, announced a $10 million investment in MT Capital. Momentum Capital (MT Capital for short) is a native cryptocurrency fund headquartered in the San Francisco Bay Area. It was initiated by multiple senior investors who entered the cryptocurrency industry early, and the main team members have invested in many well-known projects. Carmen, the founder of BM Fund, said: "MT Capital's partner Eason has achieved significant returns for us in many previous collaborations. His professional investment vision is an important reason why we decided to invest in Momentum Capital during the bear market."

  • Thailand Threatens Court Action Against Facebook Over Crypto Scam Ads

    Thailand is threatening to take legal action against Facebook if it does not address the issue of alleged investment and crypto scam ads on its platform. The Ministry of Digital Economy and Society claims that over 200,000 people have been deceived by Facebook ads promoting crypto scams, fake businesses, and fake government agencies.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company