US dollars exit China’s VC market, ending 2-decade marriage that enabled rise of start-ups

Quick Summary:

A sea change is taking place in China’s venture capital industry as the two-decade marriage between US investors and mainland start-ups comes to an end, casting a shadow over the country’s tech landscape.

Neil Shen, founder of venture capital firm HongShan, formerly Sequoia China.

US investment houses GGV Capital, GSR Ventures, Qualcomm Ventures and Walden International were subject to a probe by a US Congressional committee last year over their deals in China in sensitive technology areas.

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Article Details

Author / Journalist: Ben Jiang

Category: Technology

Markets: Hong KongChina

Topics: Firm York Venture Chinese Industry Investors Capital Start-ups According China China’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 07:00:08 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 669 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21658989

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Official Website: scmp.com

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