U.S. Investors Should Return to China, Says Top Chinese Venture Capitalist

China’s AI startups need backing, and a slew of recent initial public offerings in the country should convince U.S. venture capitalists to return to its tech sector, says a top Chinese investor.

“U.S. capital has the highest propensity to invest in breakthrough technology, and this pocket of capital has been hesitant about China,” said Duane Kuang, founding managing partner of Qiming Venture Partners, an early backer of smartphone maker Xiaomi, food-delivery giant Meituan and video app BiliBili. But he notes that investors from other markets, such as Europe, the Middle East and other parts of Asia, are already jumping in.