Both. China is a country of 1.4 billion people, they're detaining hundreds of thousands of people for no good reason in Xinjiang, they execute or imprison political enemies and are building artificial islands in the South China Sea in order to turn international waters into Chinese sovereign waters. The scale of that place will blow your mind. A single city like Guangzhou has 50% more people than the entire Bay Area.

You really think a single VC company that plays no critical role in national security is even on their radar?