China was supposed to be the next big thing in venture capital. Now VCs are pulling back
Briefly

Congress accuses major U.S. VC firms of funding Chinese military and surveillance technology, prompting companies like Sequoia and GGV to spin off their Chinese operations.
President Biden's executive order restricts U.S. investments in Chinese firms linked to AI, semiconductors, and quantum computing, impacting deals like Microsoft's $1.5 billion investment in an Emirati AI company to counter China's tech dominance.
Read at Fast Company
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