Billionaire Peter Thiel said to be weighing options to invest in Chinese startups

Billionaire Peter Thiel said to be weighing options to invest in Chinese startups

Peter Thiel, co-founder of PayPal Inc., answers a question during a news conference at the National Press Club in Washington, D.C., U.S., on Monday, Oct. 31, 2016. Photographer: Andrew Harrer/Bloomberg

Peter Thiel is considering strategies to invest in Chinese startups as U.S. venture capital firms seek a piece of the country’s fast growing technology sector, people familiar with the matter said.

The conservative billionaire is weighing different approaches for investment, including raising a fund directly or through a partnership, two of the people said, asking not to be identified as the details are private. Thiel has made regular visits to China for several years and has yet to crystallize his plan, the people said.

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