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(Bloomberg) When China’s government launched a sweeping crackdown on the technology industry over the summer, panicky venture capital investors stopped writing checks and startup valuations began to plummet. It looked like the country’s historic innovation boom was over. ....
Investors' appetite for China tech remains intact; what has changed is where they park their money, says one expert. . Read more at straitstimes.com. ....
Entrepreneurs and venture firms have turned away from softer internet businesses and toward hard-core technologies like semiconductors, robotics and enterprise software. ....