Tech investor Tim Draper sours on China, says it has left the free market

China is no longer a place to invest and has left “the free market” under President Xi Jinping, said U.S. venture capitalist Tim Draper, an early investor in Elon Musk’s Tesla and SpaceX.

Draper was also an early and prominent investor in Chinese search engine Baidu Inc, but he is now turning his attention to Taiwan, home to companies such as TSMC, the world’s largest contract chipmaker.