Chinese sovereign VC fund

Already a big investor and now with the promise of more.

December 29, 2025

Jon Peddie

Here’s the wild story of AI chip start-up funding: Of the 164 companies launched since 2015, only 146 survive today. The winners? They’ve scooped up serious money, with Chinese start-ups particularly well-funded. Beijing isn’t playing around: It has launched a massive $14.3 billion national VC fund (plus billions in regional funds) aimed at creating homegrown tech champions. This 20-year fund—10 years investing, 10 years exiting—targets “little giants” and unicorns across industries. While US and European VCs can’t match China’s sovereign wallet, America still leads in total dollars ($9.3 billion versus China’s $7.5 billion). But here’s the kicker: Chinese start-ups grab

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Chinese sovereign VC fund

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