Silicon Valley investor is looking toward Taiwan, while dismissing China’s Xi Jinping as a ‘weak leader’ for tightening controls on businessJoyu WangTAIPEI—Tim Draper, a venture capitalist known for his early bets in Elon Musk’s Tesla Inc. and SpaceX, is feeling good about his decision to stop investing in China.
In an interview in Taiwan, where he is pursuing new investments, Mr. Draper slammed China’s Xi Jinping, whom he called a “weak leader,” saying the country is going backward after more than four decades of former leader Deng Xiaoping’s “reform and opening up” policy.
Outta the pan into the fire.
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