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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

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    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

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US lawmakers accuse VC firms of funding Chinese military-linked firms

February 9, 2024
in Business
US lawmakers accuse VC firms of funding Chinese military-linked firms
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US lawmakers accuse VC firms of funding Chinese military-linked firms
© Reuters. FILE PHOTO: Chairman U.S. Representative Mike Gallagher (R-WI) speaks with former Secretary of State Mike Pompeo, and former CIA director and former defense secretary Leon Panetta, during a hearing of the House Select Committee on the Strategic Competitio

WASHINGTON (Reuters) -Sequoia Capital China, Qualcomm (NASDAQ:) Ventures and three other venture capital firms plowed at least $3 billion into Chinese tech companies that support Beijing’s military and its repression of minorities in Xinjiang, a U.S. congressional report alleged on Thursday.

The House of Representatives’ select committee on China, led by Republican Congressman Mike Gallagher, released the report, which also scrutinizes investments made by GGV Capital, GSR Ventures and Walden International in Chinese artificial intelligence and semiconductor firms with unsavory ties.

Reuters could not reach the venture capital firms for comment.

The Committee called on the Biden administration to restrict U.S. investment in Chinese firms sanctioned by the U.S. government over ties to China’s military or its repression of minorities and urged it to bolster recent U.S. curbs on U.S. investment in China to include more sectors.

“The status quo is untenable… Decades of investment—including funding, knowledge transfer, and other intangible benefits—from U.S. VCs have helped build and strengthen the PRC’s (People’s Republic of China) priority sectors,” the report said.

The White House did not respond to requests for comment.

The Chinese Embassy in Washington said the use of national security and human rights as a pretext to restrict U.S. investments in China “will undermine the principle of free trade…, destabilize the global…supply chains and serve the interests of no one.”

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