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Stock impact report

Chinese Money Flees Silicon Valley As Trump Clamps Down On Access To US Tech [zero hedge]

TAL Education Group American Depositary Shares (TAL) 
Last tal education group american depositary shares earnings: 7/25 04:00 am Check Earnings Report
Company Research Source: zero hedge
Thanks to new policies from the Trump administration aimed at cracking down at Beijing's access to strategic US technologies, China has all but halted investments in US-based tech startups, according to Reuters. Venture funding out of China peaked last year at a record $3 billion according to the Rhodium Group, a New York economic research firm. The spike in capital is thought to have been spurred by investors and tech companies rushing to complete deals before the new regulatory measures were approved in August. Following the new policies which have expanded the government's ability to block foreign investment in US companies, Chinese venture funding has all but collapsed according to Reuters, which interviewed over 35 industry players. The new rules are still being finalized, but tech industry veterans said the fallout has been swift.“Deals involving Chinese companies and Chinese buyers and Chinese investors have virtually stopped,” said attorney Nell O’Donnell, who has represented Show less Read more
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