China Requires AI Firms to Seek Approval for US Capital

China has instructed three leading artificial intelligence companies—ByteDance, Moonshot AI, and StepFun—to obtain government approval before accepting capital from the United States. According to NS3.AI, these firms must seek state clearance for any secondary share sales, funding rounds, or other financial transactions involving US-origin money. This move reflects China's increasing scrutiny over foreign investments in its technology sector.