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As reported by CNN, China is planning to launch the world's largest investment fund. Sergey Brin said kowtowing to China's censorship demands was a mistake. Ya
by gyro_robo 19y ago
As reported by CNN, China is planning to launch the world's largest investment fund. Sergey
Brin said kowtowing to China's censorship demands was a mistake. Yahoo was sued in the
U.S. when they turned over the identity of a political dissident to the Chinese government,
for posts he had made on a Yahoo group. China has an abominable human rights record and
virtually no worker rights or environmental controls. No freedom of speech.
Would you accept an investment you knew was from this investment fund?
http://money.cnn.com/magazines/fortune/fortune_archive/2007/05/14/100024842/index.htm?section=money_topstories http://money.cnn.com/magazines/fortune/fortune_archive/2007/05/14/100024842/index.htm?section=money_topstories
- gibsonf1 19y agoNo.
- ecuzzillo 19y agoThere's lots of money running around waiting to be invested; I wouldn't need to go to China to get some.
- pg 19y agoIt doesn't matter; a fund like this is not likely to be investing in startups. Only a small fraction of investment funds are VC funds.
- gyro_robo 19y agoA trillion dollars can trickle down into quite a few crevices. I think it's a given that China will want to invest in technology, including start-ups of many sorts. They might dispatch a roving horde of state-appointed VCs to tip the scale. With that kind of money, all bets are off. They might also toss some billions into existing VC funds, so it expands the pool.