Global investment firms face a risky balancing act as they create separate operations in Asia.
Zhang Lei, chairman and chief executive officer of Hillhouse Capital Management Ltd., speaks during a panel discussion at the Bloomberg New Economy Forum in Singapore, November 6, 2018. Credit: Justin Chin/Bloomberg via Getty Images
Following the relocation of several global Chinese companies' headquarters out of China, leading private equity and venture capital firms like Hillhouse Capital and GGV Capital have been expanding their Asian operations. Their aim with this strategic shift appears to be to mitigate the risks associated with rising geopolitical tensions between Beijing and Washington.
But it prompts a crucial question: can this "China-shedding strategy" adequately address the firms’ complex challenges, or
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