Posted on Sep 19, 2023
China VCs have a big problem — and it’s not just a drop in U.S. investor appetite
540
3
1
2
2
0
"Among China-focused investment firms, only four U.S. dollar-denominated venture capital funds established between 2015 and 2020 have at least returned investors all the money they put in."
China VCs have a big problem — and it’s not just a drop in U.S. investor appetite
Posted from cnbc.comPosted in these groups: 
China
Venture Cap & Private Equity
China Venture Cap & Private Equity
Posted 9 mo ago
Responses: 1
1
1
0
LTC Eugene Chu
..."In 2021, Zhang said Vitalbridge raised more money than it had aimed to, but the firm generally held off on new investments because the market was overvalued. Zhang said people who provided investment term sheets hadn’t actually seen the projects in question, and startups were demanding excessively high prices.
In the two years since, sentiment has shifted dramatically with a slew of regulation aimed at education, gaming and internet platform companies.
This year, Beijing has signaled a softer stance."
..."In 2021, Zhang said Vitalbridge raised more money than it had aimed to, but the firm generally held off on new investments because the market was overvalued. Zhang said people who provided investment term sheets hadn’t actually seen the projects in question, and startups were demanding excessively high prices.
In the two years since, sentiment has shifted dramatically with a slew of regulation aimed at education, gaming and internet platform companies.
This year, Beijing has signaled a softer stance."
(1)
(0)
Read This Next
Continue with Facebook 
Continue with Google