HONG KONG -- The Pentagon's addition of a Beijing-headquartered private equity and venture capital firm to a list of companies with alleged close ties to China's military underscores growing sanctions risks for the industry and is likely to result in pressure for more investment self-scrutiny, analysts say
In an updated Department of Defense (DOD) list of entities identified as "Chinese military companies" operating in the U.S., IDG Capital Partners is among 17 newly added names. They are seen as helping to support the "modernization goals" of the Chinese military by "ensuring it can acquire advanced technologies and expertise" developed by Chinese companies, universities and research programs "that appear to be civilian entities," the Pentagon said on Jan. 31.
