Tech investor Draper sours on China, says it has left the free market

TAIPEI : China is no longer a place to invest and has left"the free market" under President Xi Jinping, said U.S. venture capitalist Tim Draper, an early investor in Elon Musk's Tesla and SpaceX.

Draper, whose reality TV show"Meet the Drapers" just finished its fifth season, said Taiwan was a natural place to look for investments especially given the stumbling of China's economy as Xi's government enacts tough COVID-19 controls. Taiwan has a booming tech scene connected to its sprawling semiconductor supply chain. Billionaire Warren Buffett's Berkshire Hathaway Inc disclosed a more than $4.1 billion investment in TSMC stock on Monday.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

China plan to restore sector liquidity boosts property stocksHONG KONG :Chinese property stocks soared on Monday as the market cheered an aggressive plan outlined by Chinese regulators to shore up liquidity in the embattled sector, with the sub-index surging close to a two-month high in early trading.The Hang Seng Mainland Properties Index gained 15 per cent, while top
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »