GGV Capital, a 23-year-old VC firm whose investments have included Airbnb and TikTok owner ByteDance, is spinning off its China operations because of rising geopolitical tensions.
Why it matters: Other than Sequoia Capital, which recently made a similar move, no Silicon Valley venture firm has been more associated with China than has been GGV.
Texas officials have reported a "surge" in migrant crossings into the U.S. from Mexico and two deaths in the Rio Grande this week, including a 3-year-old boy.
The big picture: Mexico's President Andrés Manuel López Obrador suggested on Thursday visiting D.C. in November to discuss the humanitarian crisis, as he shared U.S. Customs and Border Protection data showing that American authorities encountered over 142,000 migrants at the border in the first half of September, per Reuters.
