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DeepNewz, mobile.
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The US tech sector is pressuring Chinese venture capital firms to divest from American tech startups. This move comes as US venture capital firms anticipate tighter controls on foreign ownership from Washington, although no official restrictions have been imposed yet. Startups are selling stakes to US investors in anticipation of these potential new rules. A Chinese venture capitalist noted that the most exciting companies in artificial intelligence are emerging from the US but are rejecting Chinese investment, according to the Financial Times' Eleanor Olcott.
As venture capital round the world increasingly adjusts to align with national interests, are China’s VCs really ready to back the hard tech that Beijing wants? Check out our commentary: https://t.co/TBqUlWgNMw
US tech sector pressures Chinese venture capital to divest via @EleanorOlcott @FT #VC https://t.co/2mpqvy1Unx
“‘The most exciting companies in artificial intelligence are coming out of the US, but these companies are all rejecting Chinese investment,’ said one Chinese venture capitalist.” https://t.co/IXlg09LHMW