The bipartisan House Select Committee on Strategic Competition between the United States and the Chinese Communist Party has released a report highlighting the investments made by five American venture capital (VC) firms in Chinese companies involved in artificial intelligence (AI), critical technologies, and the Chinese military. The five VC firms mentioned in the report are GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital China, and Walden International. The investigation found that these firms invested over $1.9 billion in Chinese AI companies linked to the Chinese Communist Party’s (CCP) human rights abuses and military, and at least $1.2 billion in China’s semiconductor sector. The report also suggests that there are additional billions of dollars that have flowed into Chinese companies supporting the CCP’s military and digital authoritarianism.
US VC Firms Pour Billions into Chinese AI, Military, Tech: CCP Connection
Latest from Blog
Arch Venture Partners secures over $3bn for Fund XIII
TLDR: Arch Venture Partners has raised over $3 billion for Fund XIII. Investors in the fund include Alaska Permanent Fund and Rockefeller Brothers Fund. In a recent development, Arch Venture Partners has
Raising Your First Venture Fund: Tips for Success
TLDR: Samir Kaji, a seasoned venture capital professional, shares a six-point plan for raising a venture fund as a first-time fund manager. Key steps include staying focused on a niche, not worrying
Exploring China’s Quantum Computing Breakthrough and VC Trends
TLDR: ONCO stock surged over 80% in pre-market after Altos Venture acquired a stake Chinese low float stocks like DUO rose over 40% in sympathy with large caps Summary: The article discusses
The Blindspot: Venture Capitalists’ Go-To Tool with Fatal Flaw
TLDR: Nader Al-Naji, founder of Bitclout, was arrested for an alleged crypto scam involving VC giant Andreessen Horowitz as a victim. VCs’ pattern matching led them to invest in Al-Naji despite red
Korean startups seek corporate investors in challenging ecosystem climate
TLDR: Korean startups are seeking corporate investors as funding becomes harder to secure. The government in South Korea has relaxed CVC rules to attract more foreign investment. Korean startups are facing a