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1/2 WSJ story about the trend of government entities and SOEs replacing private capital in funding new technology in China. As I see it, this is just part of a more extensive process by which… https://t.co/gBomqnRdn8
For Chinese Tech Startups, Beijing Fills a Funding Void Left by VCs Previous efforts to inject state money into favored industries have yielded mixed results https://t.co/qjQHBAae3j
For Chinese Tech Startups, Beijing Fills a Funding Void Left by VCs - WSJ https://t.co/idOdaa2uBM
A decline in venture-capital funding for Chinese startups is prompting Beijing to step in and provide financial support. The Chinese government, along with state-owned enterprises (SOEs), is increasingly involved in nurturing the country's tech industry by filling the funding void left by private investors.
