Reported about 4 hours ago
Chinese startups are increasingly struggling as early-stage venture capitalists demand the return of their investments due to an IPO freeze and a challenging economic environment. With reimbursement requests surging and regulatory scrutiny tightening, about 14,000 startups may be at risk, potentially involving investments worth approximately $1.2 trillion. The situation contradicts government efforts to promote innovation and self-reliance, as venture capitalists prioritize returning funds to their own investors over the survival of startups.
Source: YAHOO