"Certainly, events like the banning of selling components to ZTE and some of the discussions around displacing a lot of higher-end manufacturing supply chain out of China will certainly cause us to continue to work to develop native industries," said Ben Harburg, managing partner of MSA Capital, a Beijing-based venture capital firm with over $1.5 billion under management.
MSA Capital focuses on investments in the consumer internet, mobility, and life sciences sectors. It is invested in bike-sharing company Mobike and online food delivery-to-ticketing services platform Meituan Dianping.
Harburg said the firm is now focusing on "things that would be developed organically, domestically and will have a lot less dependence on U.S. inputs." He was speaking at CNBC's East Tech West conference in the Nansha district of Guangzhou, China.