RESEARCH TRIANGLE PARK – Former Cisco CEO and chair John Chambers – now a well-know, active investor – is wary of what’s happening with business in China. And he’s made that clear to his investment portfolio members.
“I’m encouraging my startups not to do business in China, or I’m not invested in Chinese start-ups at this time,” he told CNBC on Monday. “It’s too unpredictable”
CNBC notes that Chambers, the founder and CEO of JC2 Ventures, has decades of corporate experience in China.
“I think it will probably get a little bit tougher before it gets better,” Chambers said, noting that the Chinese government has sent a “real clear message” to domestic tech companies that “if you get out of line, we’re going to bring you back into line very quickly.”