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Technology

No handshakes, no deals: Silicon Valley VCs hit pause on China

Despite plenty of bargains, funds are wary of investing during coronavirus outbreak

Silicon Valley financial backers' frequent trips to China have come to a stop, as flights to mainland China from nearby airports have been suspended until the end of March.     © Reuters

PALO ALTO, U.S. -- Venture capital companies in Silicon Valley are not taking any chances when it comes to the coronavirus outbreak.

"Due to the Coronavirus, No Handshakes Please. Thank You," reads a sign on the office doors of Andreessen Horowitz, a powerhouse in the U.S. venture capital world.

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