Reported about 7 hours ago
Source Code Capital, an early investor in ByteDance Ltd., has cut its fundraising goal from $300 million to approximately $150 million due to lower-than-expected interest from investors. The move reflects the cooling sentiment towards investments in China's tech sector, influenced by Beijing's regulatory crackdown and a decrease in venture capital activity since the pandemic. In 2024, there were significantly fewer funds raised compared to previous years, indicating a cautious shift among US investors in response to tightening restrictions on investments in sensitive Chinese industries.
Source: YAHOO