Sinovation Ventures' Lee threatens to pare back investments in the US

Sinovation Ventures chairman and CEO Kai-Fu Lee. Photographer: David Paul Morris/Bloomberg

Kai-Fu Lee, a prominent Chinese venture capitalist and former president of Google China, said his investment firm may scale back in the U.S. if relations between the two countries deteriorate further.

Lee, the chairman and chief executive officer of Sinovation Ventures, said his firm would likely try to lure talent from the U.S. to China instead of investing in American businesses. Lee said his next steps will hinge on a planned meeting between Chinese President Xi Jinping and U.S. President Donald Trump at the Group of 20 nations summit in Buenos Aires. Lee didn’t specify what would need to happen to forestall his retreat.

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