U.S. venture capital investment in Chinese startups has declined as relations between the countries have deteriorated, but some investors continue meeting Chinese technology founders. Last month, Founders Fund partners Sean Liu, John Luttig and Joey Krug traveled to Beijing, Shanghai and Shenzhen to visit technology companies. The growing influence of Chinese AI startups, particularly DeepSeek, is prompting some U.S. investors to renew their attention to China’s technology market.