Investment from China into the US has collapsed over the past two years, but over the same period Chinese venture capitalists in Silicon Valley have never had a better buying streak.
Chinese venture capital funds inked $2.4bn in deals between January and May this year and are on track to double the record they set last year on US investments, according to data from independent research house Rhodium Group.
The success of the venture funds, whose main focus has been communications technology and biotech, comes against the backdrop of increasing efforts by the administration of President Donald Trump to block Chinese access to sensitive US technologies.