Chinese tech investors flee Silicon Valley as Trump tightens scrutiny

FILE PHOTO: U.S. President Donald Trump and China's President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China, November 9, 2017. REUTERS/Damir Sagolj/File Photo

Chinese venture funding in US startups crested to a record US$3bil (RM12.33bil) last year, according to New York economic research firm Rhodium Group, spurred by a rush of investors and tech companies scrambling to complete deals before a new regulatory regime was approved in August. 

Since then, Chinese venture funding in US startups has slowed to a trickle, Reuters interviews with more than 35 industry players show.