Acquisition America Apple ByteDance China Chinese electric vehicle embassy Exports Internet Investment Microsoft National Security Online Video Semiconductor Sequoia Capital Social Media Technology Tesla TikTok Washington
China plans to restrict top technology firms, including leading AI startups, from accepting U.S. capital without government approval, ?Bloomberg News reported on Friday, citing people familiar with the ?matter. 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. AI startups Moonshot AI and StepFun were among the ?companies that received the guidance, the report said, adding ?that TikTok owner ByteDance has also been told it should not allow ?secondary share sales to U.S. investors without clearance. The measures are aimed…
News Timeline:
Track the development of this news story across the Internet.