US lawmakers accuse Sequoia, Qualcomm, 3 other VCs of funding Chinese military-linked firms

US lawmakers accuse Sequoia, Qualcomm, 3 other VCs of funding Chinese military-linked firms

FILE PHOTO: Chairman U.S. Representative Mike Gallagher (R-WI) speaks with former Secretary of State Mike Pompeo, and former CIA director and former defense secretary Leon Panetta, during a hearing of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, on Capitol Hill, in Washington, U.S., January 30, 2024. REUTERS/Nathan Howard/File Photo

Sequoia Capital China, Qualcomm Ventures and three other venture capital firms plowed at least $3 billion into Chinese tech companies that support Beijing’s military and its repression of minorities in Xinjiang, a U.S. congressional report alleged on Thursday.

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