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462 Before Sequoia Split, a $100 Billion American Cash Spigot to Chinese VCs Ran Dry

The Information
Juro Osawa @ The Information · 06/12/2023 09:00 EDT

Before Sequoia Split, a $100 Billion American Cash Spigot to Chinese VCs Ran Dry

Sequoia Capital’s decision this week to split off its China operations showed the impact of growing tensions between Washington and Beijing. But the political conflict has sparked a bigger and more important change: Suddenly, American capital has stopped flowing to Chinese venture capital and private equity funds en masse.

The University of Chicago, the Robert Wood Johnson Foundation and other major U.S. endowments and foundations have recently indicated to Chinese fund managers and others that they are ha

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