The US Congress controls five venture capital firms, Sequoia Capital, and provides more than 90 billion in funding to Chinese military companies (Reuters)
Gao Jiajing/Copy Editor
[Sianel Ariannol / Adroddiad Cynhwysfawr]A report released by the US Congress on Thursday said that Sequoia Capital China Fund, Qualcomm Ventures and three other venture capital firms have invested in Chinese technology companies that support the Chinese military and its suppression of ethnic minorities in Xinjiang. • At least US$3 billion (about NT$93.9 billion) has been invested.
Reuters did not contact the venture capital firms named.
Reuters reported that the House Special Committee on China, led by Republican Representative Mike Gallagher, released the report, which also examined GGV Capital, GSR Ventures and China Venture Capital, Walden International’s investments in Chinese artificial intelligence companies and semi- conductors with toxic relationships.
The Special Committee on China calls on the Biden administration to limit US investment in Chinese companies sanctioned by the US government for ties to the Chinese military or the suppression of ethnic minorities, and urges it to tighten restrictions on US investment in China to include more areas in China.
The White House did not respond to a request for comment.
However, the Chinese Embassy in Washington said that restricting US investment in China on the pretext of national security and human rights “will undermine the principles of free trade, undermine the stability of the global supply chain, and is not in anyone’s interest.” “
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