Express
CNBC: Investment in Chinese technology companies fell because of lack of innovation
Summary: According to CNBC, the amount of China's venture capital in the second quarter of 2019 fell by nearly 77% year-on-year. Investors say that the lack of innovation in start-ups is one of the important reasons. Some investors told CNBC that the poor performance of some Chinese technology companies in the open market also led investors ...
According to CNBC, the amount of China's venture capital in the second quarter of 2019 fell by nearly 77% year-on-year. Investors say that the lack of innovation in start-ups is one of the important reasons. Some investors told CNBC that the poor performance of some Chinese technology companies in the open market also led investors to be more cautious in the private equity market. Yuan Liu, director of the China venture capital fund Zhenfund, said in an interview with CNBC that, for the moment, “there hasn’t been many innovations in the market so investors haven’t seen anything that excites them.”
Tags: Chinese,Investment,Technology
Link: CNBC: Investment in Chinese technology companies fell because of lack of innovation [Copy]
