- July 27, 2021
- Posted by: Stratford Team
- Category: Business
Former Cisco CEO John Chambers told CNBC on Monday he is discouraging the start-ups he’s invested in from operating in China, citing Beijing’s increasingly uncertain regulatory approach.
“I’m encouraging my startups not to do business in China, or I’m not invested in Chinese start-ups at this time,” he said in a “TechCheck” interview. “It’s too unpredictable,” added Chambers, the founder and CEO of JC2 Ventures, who has decades of corporate experience in China.
Chambers’ comments come as the Chinese government has been ratcheting up its crackdown on the country’s technology companies. Recent targets have included Didi — just days after the ride-hailing giant went public in the U.S. — and private education firms. On Saturday, China’s antitrust regulator fined Tencent and ordered the company to give up its exclusive music licensing rights.
Chambers said he began doing business in China about 40 years ago, and over the last decade the government has…
