Slashdot Mirror
Chinese Tech Investors Flee Silicon Valley as Trump Tightens Scrutiny (reuters.com)
New Trump administration policies aimed at curbing China's access to American innovation have all but halted Chinese investment in U.S. technology startups, as both investors and startup founders abandon deals amid scrutiny from Washington. From a report: Chinese venture funding in U.S. startups crested to a record $3 billion last year, according to New York economic research firm Rhodium Group, spurred by a rush of investors and tech companies scrambling to complete deals before a new regulatory regime was approved in August. Since then, Chinese venture funding in U.S. startups has slowed to a trickle, Reuters interviews with more than 35 industry players show. U.S. President Donald Trump signed new legislation expanding the government's ability to block foreign investment in U.S. companies, regardless of the investor's country of origin. But Trump has been particularly vocal about stopping China from getting its hands on strategic U.S. technologies.
The new rules are still being finalized, but tech industry veterans said the fallout has been swift. "Deals involving Chinese companies and Chinese buyers and Chinese investors have virtually stopped," said attorney Nell O'Donnell, who has represented U.S. tech companies in transactions with foreign buyers. Lawyers who spoke to Reuters say they are feverishly rewriting deal terms to help ensure investments get the stamp of approval from Washington. Chinese investors, including big family offices, have walked away from transactions and stopped taking meetings with U.S. startups. Some entrepreneurs, meanwhile, are eschewing Chinese money, fearful of lengthy government reviews that could sap their resources and momentum in an arena where speed to market is critical. This comes at a time when Chinese investors have visibly become more active in emerging markets such as India.
The new rules are still being finalized, but tech industry veterans said the fallout has been swift. "Deals involving Chinese companies and Chinese buyers and Chinese investors have virtually stopped," said attorney Nell O'Donnell, who has represented U.S. tech companies in transactions with foreign buyers. Lawyers who spoke to Reuters say they are feverishly rewriting deal terms to help ensure investments get the stamp of approval from Washington. Chinese investors, including big family offices, have walked away from transactions and stopped taking meetings with U.S. startups. Some entrepreneurs, meanwhile, are eschewing Chinese money, fearful of lengthy government reviews that could sap their resources and momentum in an arena where speed to market is critical. This comes at a time when Chinese investors have visibly become more active in emerging markets such as India.
Patent trolls and the East Texas court aren't good for business either. Neither are 70+ year copyright terms.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
So, similar to how some US companies like General Motors and certain financial institutions are too big to fail, and the government makes sure they don't fail.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
Ummm you are aware that the US is the biggest polluter per-capita in the world of any major industrialized country, right?
Didn't know Canada and Australia weren't major industrialized nations.
First it was most polluting, but the facts eventually entered public perception.
Now the goalposts have moved to per-capita, because the facts have not yet entered public perception. Even as the US is one of very few countries in to have ever decreased their greenhouse gas output while the strong talking Paris agreement signers steam on ahead with increasing theirs.
Watch the goalposts shift again to total historical output, then total per-capita historical output.
The end result is clear: whatever makes the US the big-bad will be treated as the new doubleplusgood truth. Watch sjbe stay at +5 and I stay at 0 or -1. Damn the facts. Damn reality.