China Orders Three AI Giants to Reject US Investment
BeInCrypto
The Chinese government has directed three major AI firms to restrict US-origin capital, citing concerns over technological security and geopolitical tensions.Summary
The National Development and Reform Commission (NDRC) has instructed ByteDance, Moonshot AI, and StepFun to reject US investment or secondary share sales without official government approval. This directive represents a significant escalation in Beijing's efforts to control the flow of foreign capital into its strategic technology sectors, particularly as tensions over AI model theft and cross-border acquisitions grow. The policy shift follows increased scrutiny of tech deals, including Meta Platforms' acquisition of the startup Manus, and suggests that Chinese AI companies will likely shift their focus toward Middle Eastern and Hong Kong-based investors to mitigate geopolitical risks.
(Source：BeInCrypto)