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In recent years, Sequoia has made significant changes in structure, splitting its U.S. operations from its European, Chinese, and Indian businesses. This restructuring indicates a retrenchment from a previously ambitious global investment strategy and signals a focus on domestic and European markets. Such decisions have large implications and may stem from geopolitical pressures as well as the changing dynamics of the investment environment. While Sequoia remains invested in key Chinese companies like ByteDance, the evolving landscape necessitates a reevaluation of its global strategy.