Media: China Requires Tech Firms Not to Accept U.S. Investment Without Permission
Western media reported on April 24, citing informed sources, that Chinese regulators have recently required certain technology companies not to accept U.S. investments without authorization.
The sources said that Moonshot, an AI large model company seeking an IPO, has received relevant guidance from the National Development and Reform Commission (NDRC). Similarly, StepFun, another AI startup, has also received comparable instructions.
It is reported that Chinese regulators have imposed similar restrictions on ByteDance, discouraging the company from allowing U.S. investors to conduct share transfer transactions without government approval.
The report states that Beijing's latest restrictions aim to prevent U.S. investors from acquiring equity in Chinese companies in sensitive industries related to national security. Over the past two decades, China's startup tech enterprises have been supported by venture capital, a significant portion of which originates from the United States.
Source: sputniknews
Original: toutiao.com/article/1863407848038400/
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