Congressional Panel Probes US Firms' Investments in China
KONTAN.CO.ID - A U.S. House of Representatives committee has launched an investigation into investments by four U.S. venture capital firms into Chinese artificial intelligence and semiconductor companies.
The House Select Committee on the Chinese Communist Party sent letters on Tuesday to GGV Capital, GSR Ventures, Walden International and Qualcomm Ventures, the investment arm of Qualcomm Inc QCOM.O, asking for information on their investments in China and setting an Aug. 1 deadline for the firms to respond.
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