Jul 22, 2023 08:32 PM

U.S. Lawmakers Demand Venture Capital Firms Provide Details of China Tech Investments

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Photo: VCG
Photo: VCG

A U.S. congressional committee has launched an investigation into four U.S. venture capital firms that have funded Chinese companies in the artificial intelligence, semiconductor and quantum computing industries, demanding information about their investments.

GGV Capital, GSR Ventures, Qualcomm Ventures and Walden International will be required to provide a list of all Chinese companies in these sectors which they have funded, as well as information on the date and dollar amount of each investment and risk factors identified, according to the letters sent to these companies Wednesday by the U.S. House Select Committee on the Chinese Communist Party.

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