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July 2, 2024
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Matrix Partners Rebrands India & China Units for Autonomy


  • Matrix Partners rebrands its India unit to DZ47 and its China unit to MPC to emphasize local operational strategies.
  • The Chinese arm of Matrix Partners will maintain its existing name and logo despite the rebranding.

American venture capital firm Matrix Partners is undergoing a rebranding exercise for its India and China units. The India unit will now be known as DZ47, while the China unit will be renamed MPC, effective July 1. This rebranding is aimed at highlighting the local operational strategies and organizational independence of each regional unit. The Chinese arm of Matrix Partners has clarified that its operation and decision-making processes have been independent since its inception and the logo change will not impact its structure or operations.

Established in 1977 and headquartered in Boston and San Francisco, Matrix Partners entered the Chinese market in 2008. The Chinese unit manages over 70 billion yuan and has invested in more than 800 companies, including well-known names like XPeng Motors, Li Auto, Ele.me, and SemiDrive Technology.

This rebranding aligns with a broader trend among venture capital firms that are splitting their Chinese and U.S. operations or refocusing their strategies in Asia due to increased scrutiny on Chinese tech investments by the U.S. government. Venture capital firms like Sequoia Capital and GGV Capital have similarly divided their operations to adapt to evolving geopolitical challenges and regulatory scrutiny, particularly concerning investments in China.

Overall, Matrix Partners’ decision to rename its India and China units underscores the importance of local strategies and independence in the current landscape of venture capital investments.

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