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China Curbs US Investment In Tech Companies After Meta Acquisition Of Manus
China Curbs US Investment In Tech Companies After Meta Acquisition Of Manus
Following earlier news that China has blacklisted 7 EU defense and aerospace firms over their dealings with Taiwan, Bloomberg reports that China plans to restrict top technology firms, including leading AI startups, from accepting US capital without government approval.
Chinese regulators, including the National Development and Reform Commission, have recently instructed several private technology firms to reject U.S. investment in funding rounds unless explicitly approved, the report said. The commission - a powerful state planning agency with broad policy-making powers -...
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