US lawmakers accuse Sequoia China, GGV, others of funding Chinese military-linked firms

US lawmakers accuse Sequoia China, GGV, others of funding Chinese military-linked firms

U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration

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