US House Committee Probes VC Firms’ China Tech Investments (2)

A US congressional committee is investigating four venture capital firms for their investment in Chinese technology companies, the latest sign of Washington’s increasing scrutiny of American funds suspected of helping develop sensitive industries in China.

Investments by GGV Capital, GSR Ventures, Walden International and Qualcomm Ventures are being probed by the House select committee on China, led by Wisconsin Republican Michael Gallagher.

GGV declined to comment on Wednesday night. The other firms didn’t immediately respond to requests for comment.

The investigation, reported earlier by the Wall Street Journal, comes as Washington seeks to block China’s development of ...