America’s shift to a cold war footing with China which started under Trump is accelerating.
Biden signed an executive order to block US VCs & PE firms investing in quantum computing, advanced chips and artificial intelligence in an effort to stop China’s military from accessing American funding and knowhow.
Now both the US & Chinese government are making investing in Chinese tech a painful ordeal. Not good for China tech investors. https://www.ft.com/content/8de1cd77-fe94-45d5-aa23-09faf7f89f15