Just a lesson to people in the West working in frontier technologies from AI, Robotics, Space, and Semis:
Founders should **NEVER** set up businesses locally in China or try and get venture capital there. Especially: Do not set up JVs if your name isn't $Tesla(TSLA.US) or you're a hundred billion dollar company. There's too many anecdotal stories of coercion and forced detaining by the Chinese government in Silicon Valley. Too many founders get lured by $80M+ high fundraising amounts. Many exuberant "deals" with local entitles. Then build their technology there or visit there in person. But that paper capital doesn't matter when it gets locked down and your technology gets forced transferred to Chinese state run entities. No executives want to say this out loud since they're all scared of China or have business ties there, but that's the harsh reality. Hope all the bots don't come after me after this post.Source: Serenity
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