7 June 2024

US VC firms are putting pressure on tech startups to ask their Chinese backers to divest as VCs anticipate tighter controls on foreign ownership from Washington (Eleanor Olcott/Financial Times)

Eleanor Olcott / Financial Times:
US VC firms are putting pressure on tech startups to ask their Chinese backers to divest as VCs anticipate tighter controls on foreign ownership from Washington  —  Start-up stakes are being sold to American investors in anticipation of Washington restricting foreign ownership

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