China Bars AI Startups from U.S. Funding

Chinese regulators, including NDRC, ordered private tech firms to reject U.S. investment unless government approval is obtained.
AI startups Moonshot AI and StepFun were specifically instructed to seek approval before accepting any U.S. capital.
ByteDance also faces restrictions on secondary share sales to U.S. investors without prior government clearance.
The measures aim to prevent U.S. investors from acquiring stakes in technologies deemed sensitive to China’s national security.