Five VC Firms Invested $3 Billion in Chinese AI and Semiconductors: Report

Published on February 8, 2024

Five American venture capital firms invested more than $3 billion into critical technology projects in communist China, according to the results of a congressional investigation. That sum includes direct investments into companies with ties to China’s military, surveillance apparatus, and ongoing human rights abuses in Xinjiang. The findings stem from a bipartisan investigation into U.S. venture capital funding in China by the House Select Committee on Strategic Competition with the Chinese Communist Party (CCP). A Feb. 8 Select Committee statement, shared with The Epoch Times, said that these firms’ investments directly aided the Chinese Communist Party’s (CCP) strategic goals against the United States....

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