Investors pour money into Chinese start-ups despite regulatory crackdown

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 18%
  • Publisher: 72%

Venture capital investment in China rose in the third quarter, bringing year-to-date totals to more than all of 2020, multiple data sources show.

United States Headlines News

United States Latest News, United States Headlines

Accurate figures, especially for finance in China, can be difficult to obtain. But KPMG's analysis of Pitchbook data on venture capital financing in China puts the third quarter figure at $23.7 billion, up from $22.5 billion in the second quarter. That quarterly increase is in line with industry trends reported by Preqin and CB Insights.

"The caution is centered heavily on certain sectors," Lu said. "Others — like healthtech, hardware, and consumer market solutions are still attracting quite significant levels of VC investment in China." In March, China launched its development plan for the next five years and beyond. Beijing is particularly focused on building its own semiconductors, whereThat's spurred a rush of investment into China's semiconductor industry in ways similar to that of the internet about two decades ago, Eric Xin, senior managing director at Citic Capital, said on Oct. 13 at an AVCJ forum in Beijing. "If you have a war mindset, you will do things a lot faster than normal.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lol prove it. Retail ain't as stupid as we're before listening to your pump articles.🤣

thanks

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Blackrock CEO Larry Fink: The next 1,000 billion-dollar start-ups will be in climate techThe next 1,000 unicorns (companies worth more than $1 billion) will be in climate tech, Blackrock CEO Larry Fink said in Saudi Arabia on Monday. $HYSR BioHarvestBHSC Watch more tax dollars disappear!
Source: CNBC - 🏆 12. / 72 Read more »

Climate tech start-ups have raised a record $32 billion globally so far in 2021Technology companies working on combating climate change have raised a record breaking $32 billion so far this year, according to a report published Tuesday. CO2 emissions (picture) and air pollution are two completely different things. And who's fault is that? The insurmountable number of NBC employees taking flights?!
Source: CNBC - 🏆 12. / 72 Read more »

Google search rival Ecosia launches $405 million VC fund to back climate tech start-upsThe so-called World Fund will invest in the 'next generation' of founders looking to tackle climate change, Ecosia said. ❤ 👏👏 We love this Ecosia!💚
Source: CNBC - 🏆 12. / 72 Read more »

UPS Revenue Rises as It Ships Fewer PackagesThe delivery company’s strategy has focused on moving packages and courting customers that generate stronger sales and profit.
Source: WSJ - 🏆 98. / 63 Read more »

China to start vaccinating children to age 3 as cases spreadLocal city and provincial level governments in at least five Chinese provinces issued notices in recent days announcing that children ages 3 to 11 will be required to get their vaccinations. thanks I wish I contacted earlier Vincent_R_Wate this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her he is very legit and God fearing person Vincent_R_Wate
Source: ABC - 🏆 471. / 51 Read more »

23 Money-Saving Tips You Can Start Trying TodayEven saving a small amount can make a big difference.
Source: SELFmagazine - 🏆 478. / 51 Read more »