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Comment by mdorazio
Nope, it goes for companies setup stateside as well. For example, Faraday Future, a now-failed electric car startup was headquartered in California, but had very strong IP transfer methods in place to get technology developed here back to the China "sister company" also run by the Chinese investors. The same setup is used at a couple of other China-funded startups I've run into in the last couple years as well. Basically, if you take Chinese investment money it's highly likely to come with some very strong strings attached.