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Over $3 BILLION flowed from US venture
capital firms to China to aid military
and spy capabilities: Lawmakers reveal
how American dollars are 'subsidizing'
the CCP's 'malign' efforts in bombshell report

Original Article

Posted By: OhioNick, 2/8/2024 2:47:11 PM

Top lawmakers put out a bombshell report Thursday revealing how billions of American dollars are flowing into the hands of the Chinese Communist Party - and being used to support their military and genocidal efforts. The report states that U.S. venture capitalist companies have helped 'build and strengthen' China's authoritarian regime through a variety of methods. According to the House China Select Committee, over $3 billion was invested into Chinese artificial intelligence and semiconductor companies by five top U.S. venture capitalist firms between 2001 and 2023. The committee launched an investigation last summer into the finances of five companies: Sequoia Capital, Qualcomm Ventures, Walden International, GSR Ventures and GGV Capital.

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Reply 1 - Posted by: SkyKing1222 2/8/2024 3:31:22 PM (No. 1653474)
Look up Loral Space & Communications and the CCP. This was with the Clinton’s back in the 90’s. The Chinese have been bribing and stealing for quite a while. Really too bad Nixon and Kissinger opened trade with them.
12 people like this.

Reply 2 - Posted by: rochow 2/8/2024 8:21:48 PM (No. 1653703)
Only under Joe bidet does this happen. How much did they pay him???
0 people like this.

Reply 3 - Posted by: cold porridge 2/9/2024 12:20:29 PM (No. 1654183)
The decision makers and CEOs of those groups should be in prison for treason. They are aiding and abetting the enemy with our tax dollars.
1 person likes this.

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Top lawmakers put out a bombshell report Thursday revealing how billions of American dollars are flowing into the hands of the Chinese Communist Party - and being used to support their military and genocidal efforts. The report states that U.S. venture capitalist companies have helped 'build and strengthen' China's authoritarian regime through a variety of methods. According to the House China Select Committee, over $3 billion was invested into Chinese artificial intelligence and semiconductor companies by five top U.S. venture capitalist firms between 2001 and 2023. The committee launched an investigation last summer into the finances of five companies: Sequoia Capital, Qualcomm Ventures, Walden International, GSR Ventures and GGV Capital.
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