[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Dan Gray [@credistick](/creator/twitter/credistick) on x 5369 followers Created: 2025-07-15 22:21:50 UTC Here’s a paper you probably didn’t see on X, published by the bipartisan @committeeonccp in February 2024, looking at activity by US VC firms in China. The report focused particularly on five firms: GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital China and Walden International. “US VC investment in the PRC grew in the mid-2000’s and exploded the following decade as the U.S. government encouraged investment into the PRC, believing that greater economic ties would encourage economic liberalization.318 Unfortunately, we have seen the opposite. As U.S. capital flows into PRC advanced technology companies grew, the PRC channeled technological advances to facilitate the regime’s authoritarian surveillance state and human rights abuses and propel the PRC’s military modernization.” (source: “How American Venture Capital Fuels the PRC Military and Human Rights Abuses”) The report explored significant investments from US venture capital firms, into AI companies linked to problematic PRC entities, including: • Over $XXX billion to companies supporting CCP’s surveillance, human rights abuses, or military (PLA). • $XXX million into blacklisted PRC AI companies tied to genocide/human rights violations. • $XX million into firms associated with forced labor and surveillance. • $XXX million into AI firms now blacklisted for military connections. This is in addition to investment activity supporting the PRC semiconductor industry, including: • Over $X billion across more than XXX semiconductor companies. • $XX million into major semiconductor firm SMIC soon after its founding. • $XX million into companies after they were blacklisted for PLA links. Of the five firms mentioned, Sequoia and GGV have spun-out their China focused operations. The newly-independent Sequoia China relaunched as HongShan in June 2023, and the split became official for GGV in March 2024 with the split into Granite Asia and Notable Capital. There has been no formal response from the other three firms, other than claims of operational independence between Chinese and US teams.  XXXXX engagements  **Related Topics** [united states](/topic/united-states) [investment](/topic/investment) [sequoia capital](/topic/sequoia-capital) [ggv capital](/topic/ggv-capital) [china](/topic/china) [vc firms](/topic/vc-firms) [$qcom](/topic/$qcom) [stocks technology](/topic/stocks-technology) [Post Link](https://x.com/credistick/status/1945247463226368478)
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Dan Gray @credistick on x 5369 followers
Created: 2025-07-15 22:21:50 UTC
Here’s a paper you probably didn’t see on X, published by the bipartisan @committeeonccp in February 2024, looking at activity by US VC firms in China.
The report focused particularly on five firms: GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital China and Walden International.
“US VC investment in the PRC grew in the mid-2000’s and exploded the following decade as the U.S. government encouraged investment into the PRC, believing that greater economic ties would encourage economic liberalization.318
Unfortunately, we have seen the opposite. As U.S. capital flows into PRC advanced technology companies grew, the PRC channeled technological advances to facilitate the regime’s authoritarian surveillance state and human rights abuses and propel the PRC’s military modernization.”
(source: “How American Venture Capital Fuels the PRC Military and Human Rights Abuses”)
The report explored significant investments from US venture capital firms, into AI companies linked to problematic PRC entities, including:
• Over $XXX billion to companies supporting CCP’s surveillance, human rights abuses, or military (PLA).
• $XXX million into blacklisted PRC AI companies tied to genocide/human rights violations.
• $XX million into firms associated with forced labor and surveillance.
• $XXX million into AI firms now blacklisted for military connections.
This is in addition to investment activity supporting the PRC semiconductor industry, including:
• Over $X billion across more than XXX semiconductor companies.
• $XX million into major semiconductor firm SMIC soon after its founding.
• $XX million into companies after they were blacklisted for PLA links.
Of the five firms mentioned, Sequoia and GGV have spun-out their China focused operations.
The newly-independent Sequoia China relaunched as HongShan in June 2023, and the split became official for GGV in March 2024 with the split into Granite Asia and Notable Capital.
There has been no formal response from the other three firms, other than claims of operational independence between Chinese and US teams.
XXXXX engagements
Related Topics united states investment sequoia capital ggv capital china vc firms $qcom stocks technology