For subscribers
US lawmakers demand venture capital firms provide details of China tech investments
Sign up now: Get insights on Asia's fast-moving developments
The letters from the committee come at a time of growing tensions between the US and China over technology.
PHOTO: REUTERS
Kelly Wang
Follow topic:
BEIJING - A US congressional committee has launched an investigation into four US 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 on Wednesday by the US House Select Committee on the Chinese Communist Party.
