BUSINESS● LOWJul 25 · Jul 25, 2026, 2:00 AM
Investment with Chinese characteristics: how Beijing’s money is reshaping tech ventures
South China Morning Post
On the surface, China’s cutting-edge tech sector – from the algorithmic breakthroughs of DeepSeek and Zhipu AI to the hardware of Unitree Robotics and ChangXin Memory Technologies (CXMT) – mirrors Silicon Valley’s venture capital-backed ecosystem. But a closer look at their financing histories reveals a common investor: the Chinese state. Beijing’s strong presence underscores a more profound structural shift in how China’s frontier technology is being funded. As Western venture capital and...
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