VCs in China unfazed by Biden's executive order despite its impact on US investors

VCs in China unfazed by Biden's executive order despite its impact on US investors

FILE PHOTO: Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

US President Joe Biden’s executive order banning Americans from investing in China’s cutting-edge technologies brings little surprise to local fund managers in China, where US dollar-backed tech deals have dried up for several quarters.

Edited by: Padma Priya

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter