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Matrix Partners rebrands China unit as MPC, emphasizes independence
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TechNode
US-based private equity investment firm Matrix Partners has rebranded its China arm as MPC in English, the initials of Matrix Partners China, keeping the Chinese name unchanged starting from July 1.
Matrix Partners is the latest dollar fund to make its China operations independent amid geopolitical concerns, following Sequoia, BlueRun, and GGV Ventures.
Why it matters: Matrix Partners’ renaming reflects greater independence for its China operations, according to the company, but stops short of a complete split from its international operations, the path that many of its US counterparts have opted for.
The firm set up its China unit in 2008, managed by partners Zhang Ying, Xu Chuansheng, and Shao Yibo, 30 years after it was founded in Boston.
The 16-year history of the early-stage-focused VC company in China has run alongside booming growth in the country’s Internet service industry.
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