Over $3 BILLION flowed from US venture capital firms to China to aid military and spy capabilities: Bombshell House report reveals how American dollars are ‘subsidizing’ CCP’s ‘malign’ regime
The report states that U.S. venture capitalist companies have helped ‘build and strengthen’ China’s authoritarian regime
U.S. venture capital is financing the ‘production of weapons systems designed to kill Americans and advance China’s warfighting capabilities’
And worse of all is that American families are ‘unwittingly contributing’ and ‘fueling our own destruction’
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.
Chairman Mike Gallagher, R-Wis., and Raja Krishnamoorthi, D-Ill., warn in the report that their investigation ‘merely scratched the surface of the danger that American investment into Chinese industry poses to our national security.’
And billions more beyond what they uncovered may be flowing into PRC companies from Americans.