“Former Cisco CEO says he is ‘not investing in China'”
August 26, 2021
“Former long-time Cisco CEO John Chambers has done business in China for decades, dealing with corporate leaders and government officials. The various dealings were always tough, acknowledges Chambers, but importantly there was a certain predictability to them and a focus on win-win outcomes.
But that predictability has evaporated as the Chinese government cracks down on the business operations of Didi (DIDI) and other big tech players in the country, says Chambers.
As a result of this new unpredictability from Chinese officials, Chambers is suggesting to the leaders of the portfolio of upstart tech companies he oversees as founder and CEO of venture capital firm JC2 Ventures to be more cautious when doing business in the country…”
https://finance.yahoo.com/news/former-cisco-ceo-says-he-is-not-investing-in-china-175724750.html