Top lawmakers put out a bombshell report Thursday revealing how billions of American dollars are flowing into the hands of the Chinese Communist Party - and being used to support their military and genocidal efforts.
The report states that U.S. venture capitalist companies have helped 'build and strengthen' China's authoritarian regime through a variety of methods.
According to the House China Select Committee, over $3 billion was invested into Chinese artificial intelligence and semiconductor companies by five top U.S. venture capitalist firms between 2001 and 2023.
The committee launched an investigation last summer into the finances of five companies: Sequoia Capital, Qualcomm Ventures, Walden International, GSR Ventures and GGV Capital.
