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VisitFBI Probes Silicon Valley's Hone Capital Over Alleged Transfer of Trade Secrets to China
Sep 25, 2024, 05:15 AM
The FBI is investigating Hone Capital, a Silicon Valley venture capital firm, over allegations that it allowed Beijing to obtain trade secrets and critical technologies from U.S. tech startups. Hone Capital, which has invested in 360 U.S. tech startups including Stripe and Cruise, is suspected of using Chinese funds to become one of Silicon Valley’s most prolific early investors. This investigation is part of a broader U.S. probe into China-backed venture firms and their involvement in Silicon Valley dealmaking.
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