This is how bad China’s startup scene looks now

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This is how bad China’s startup scene looks now - TechCrunch

Quick Summary:

In early 2018, VC Mike Moritz wrote in the FT that "Silicon Valley would be wise to follow China’s lead,” noting the pace of work at tech companies was "furious” and that China offered "investment opportunities in the best companies.” Soon after, it all imploded.

Cohost, a would-be X rival launched to the public in June 2022, is shutting down, the company announced via the social network’s staff account earlier this week.

Fei-Fei Li, the Stanford professor many deem the “Godmother of AI,” has raised $230 million for her new startup, World Labs, from backers including Andreessen Horowitz, NEA, and Radical Ventures.