Tesla would never provide the U.S. government with data collected by its vehicles in China or other countries, Elon Musk told a high-level forum in China after the Chinese government restricted Tesla cars being driven by military personnel or employees of key state-owned companies.

China Will Become Tesla’s Top Market & Production Site for its EVs: Elon Musk. He praised China's aggressive plans to cut carbon emissions, making the country the largest market for electric vehicles.

Nearly half of China's electric vehicles are using an inexpensive and safe type of battery touted by Elon Musk. But it hasn't made a dent in the U.S. market yet. WSJ

Lightspeed China leads $60 million, Series E injection in MingMed, a biotech firm in cancer therapy and vision care.

IDG and Qiming lead $70 million investment in Chinese biotech contract and manufacturing firm ZhenGe.

Lilly Asia Ventures, Sequoia put $67 million in China's Qihan biotech in genome editing

Qiming Venture portfolio company Connect Biopharm, which develops treatments for inflammatory diseases, lists on Nasdaq and brings in $191 million.

Chinese Q&A website Zhihu raises $523 million in NYSE IPO, backed by Kai-Fu Lee's VC firm Sinovation, Qiming, Baidu and Kuaishou. "Zhihu has already grown up and is on the path to becoming a multifaceted super app centered around knowledge, while Quora is still a question and answer website with an app," said Kai-Fu Lee in Tech Crunch. "I really think that U.S. entrepreneurs should look to China for ideas."

Comeback Capital launches $10 million AngelList rolling fund to invest in Heartland tech startups.

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