Quinn Li, Global Head of Qualcomm Ventures, participating in the Growth Summit stage during Collision 2018 held in New Orleans, May 3, 2018. Credit: Diarmuid Greene/Collision/Sportsfile via Flickr Venture capital firms that once saw China as a land of opportunity must now see it as a land of risk, after the Biden administration last month announced a long-anticipated set of outbound investment restrictions that target Chinese companies developing cutting-edge artificial intelligence (AI) products and services. For a firm like Qualcomm Ventures, the venture capital arm of chip design giant Qualcomm, the announcement is not the first sign that it’s no longer business as usual in China. In July, members of Congress wrote to the company's leadership, demanding to know more about its investments in Chinese AI companies. For a company that has invested hundreds of millions in China, it’s a dramatic change. At The Wire, we periodically focus on prominent firms investing in China: In the past, we’ve featured Yunfeng Capital, Shunwei Capital, and Primavera Capital. This time, we take a closer look at Qualcomm Ventures, a firm with more than $2 billion of assets under maSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.