Chinese cities pare US lead in venture capital investments

Chinese cities pare US lead in venture capital investments

Commercial buildings including the China Central Television (CCTV) Headquarters, center, stand in the central business district of Beijing. Photographer: Tomohiro Ohsumi/Bloomberg

The U.S. is losing its edge as the world’s foremost destination for venture capital investment, a new study shows, with U.S. startups capturing a rapidly declining share of global dollars invested, and Chinese companies grabbing more of the total. Because startups play a critical role in economic dynamism, the study bodes well for the global economy as a whole, its authors say, even as it points to an erosion of U.S. dominance.

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