China to curb US investment in tech companies: Report
Indian Express·3h ago·Neutral
What Happened
China's regulators have instructed major technology firms, including AI startups Moonshot AI and StepFun, to reject US capital without government approval, Bloomberg reported Friday. The measure aims to prevent US investors from gaining stakes in sensitive technologies linked to national security. ByteDance also received similar guidance regarding secondary share sales to US investors.
Key Entities
ChinaNational Development and Reform Commission (NDRC)Moonshot AIStepFunByteDanceUS investorsMeta