Top US firms that invested $3B in Chinese military, tech revealed by House panel investigation
NY Post
US venture capital firms have sunk at least $3 billion in Chinese tech companies that have aided the Communist government and its military — as well as the ongoing genocide against Uyghur Muslims in Xinjiang, according to a Thursday report from a bipartisan House panel.
The House Select Committee on the Chinese Communist Party (CCP) released findings from its probe of five firms that supported Beijing’s military, enabled human rights abuses and boosted China’s semiconductor sector, Chairman Mike Gallagher (R-Wis.) and Ranking Member Raja Krishnamoorthi (D-Ill.) said.
The investments by GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital China and Walden International totaled more than $1.9 billion in Chinese artificial intelligence companies and $1 billion in more than 150 semiconductor firms.
But the lawmakers say their findings “merely scratched the surface of the danger that American investment into Chinese industry poses to our national security.”
“The Committee’s findings suggest that there are billions of dollars beyond those captured in this report that have flowed into PRC companies that support the PRC’s military, digital authoritarianism, and efforts to develop technological supremacy and undermine American technological leadership,” Gallagher and Krishnamoorthi wrote in the 66-page report.
“The status quo is untenable,” they added. “Decades of investment—including funding, knowledge transfer, and other intangible benefits—from U.S. VCs have helped build and strengthen the PRC’s priority sectors.”
Dramatic new surveillance video shows the moment two suspects wanted over the tragic fatal shooting of a 7-month-old baby girl in Brooklyn crashed their getaway moped as they frantically fled the scene.
A grisly 1966 murder in the affluent town of San Rafael — which sent shockwaves through the community — was finally solved 60 years later, all thanks to modern-day DNA testing.
When the Chicago Bulls waived guard Jaden Ivey on Monday for “conduct detrimental to the team,” team management succeeded in exposing their own detrimental conduct toward free speech.
A young space fanatic could hardly contain his excitement when asked why he trekked all the way to Florida to watch the first human-crewed moon expedition in his lifetime.
Stephen A. Smith said on Wednesday’s episode of “The Sage Steele Show” that he regrets voting for former Vice President Kamala Harris, telling Sage Steele he initially believed Harris could work across the aisle before concluding Democrats still did not understand why they lost.
It’s fitting that the Iryna Zarutska mural in Providence, RI, is being removed on the say-so of the city’s lefty mayor before the artist could complete the murdered young woman’s face.
The 7-month-old girl killed by a stray bullet in Brooklyn while her parents pushed her in a stroller Wednesday afternoon had just learned to say “mama,” the baby’s heartbroken family revealed.
A Southern California woman is living every pet owner’s worst nightmare after two of her beloved Labradoodles were brazenly taken from her parked car in broad daylight — with surveillance video capturing the chilling scene.Esma Bohannon’s tragic ordeal started last month when she left her pups, 7‑year‑old Coco Chanel and 3‑year‑old Taco, inside her car in Encinitas while she ran quick errands.
A local television news anchor in Alabama sparked outrage online for signing off a recent newscast by quoting the founder of an Islamic fundamentalist group blamed for inspiring some of the world’s most lethal terrorist organizations.
A 7-month-old girl was shot dead in her stroller by a stray bullet while walking with her parents in Brooklyn, with cops now looking for a pair of moped-riding thugs, according to law enforcement sources.
WASHINGTON — Corey Lewandowski is standing by Kristi Noem’s side as she suffers the humiliating fallout from her husband’s embarrassing photos of his double life.
In the face of economic calamity, President Franklin Roosevelt said boldly, “we have nothing to fear, but fear itself,” highlighting how panicked markets feed on themselves.
The City Council is floating a wild money-making scheme — to rent out the iconic Brooklyn Bridge’s hidden rooms — to help plug the Big Apple’s cash hole.