US sanctions MiraclePlus over funding tied to Google AI theft case

The US sanctioned MiraclePlus and three affiliated entities on October 19th over seed funding for Shanghai Zhisuan, whose founder was convicted of stealing Google AI trade secrets, Bloomberg Technology reported. A fund invested about $700,000 in Zhisuan, and the record does not establish that MiraclePlus knew of the theft by Zhisuan founder Ding, according to the report. The designation places accelerator diligence within US sanctions enforcement and puts the investment process of MiraclePlus founder Lu Qi, who previously led Y Combinator's China program, under scrutiny alongside the criminal case.

US sanctions MiraclePlus over funding tied to Google AI theft case The October 19th action names Lu Qi's venture firm and three affiliates after a fund invested about $700,000 in Shanghai startup Zhisuan. By RuntimeWire Staff https://runtimewire.com/author/runtimewire-staff · Published Primary source: Bloomberg Technology https://www.bloomberg.com/news/articles/2026-10-20/us-sanctions-china-s-y-combinator-in-google-ai-secrets-case Why it matters The designation puts accelerator diligence in the frame of US sanctions enforcement: MiraclePlus's investment is documented, while the record does not establish that it knew of Ding's theft. The US sanctioned MiraclePlus https://www.miracleplus.com/index.html?ref=runtimewire and three affiliated entities on October 19th over seed funding for Shanghai Zhisuan, whose founder was convicted of stealing Google AI trade secrets. For MiraclePlus founder Lu Qi https://www.sap.com/investors/en/governance-and-sustainability/supervisory-board/qi-lu.html?ref=runtimewire , a computer scientist who led Y Combinator's China program before building his own accelerator, the action puts MiraclePlus's investment process under scrutiny alongside the criminal case against Zhisuan founder Linwei… When you purchase through links in our articles, we may earn a small commission https://runtimewire.com/affiliate-monetization-standards . This doesn’t affect our editorial independence.