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Giving China Weapons of Market Destruction

Giving China Weapons of Market Destruction
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US lawmakers accuse VC firms of funding Chinese military-linked firms By Reuters

US lawmakers accuse VC firms of funding Chinese military-linked firms By Reuters
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US lawmakers accuse VC firms of funding Chinese military-linked firms

US lawmakers accuse VC firms of funding Chinese military-linked firms
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US lawmakers accuse VC firms of funding Chinese military-linked firms

Sequoia Capital China, Qualcomm Ventures and three other U.S. venture capital firms plowed at least $3 billion into Chinese tech companies that support Beijing's military and its repression of minorities in Xinjiang, a U.S. congressional report alleged on Thursday. The House of Representatives' select committee on China, led by Republican Congressman Mike Gallagher, released the report, which also scrutinizes investments made by GGV Capital, GSR Ventures and Walden International in Chinese artificial intelligence and semiconductor firms with unsavory ties. Reuters could not immediately reach the venture capital firms for comment.

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