China VCs expect a better 2023, but valuations to temper

China VCs expect a better 2023, but valuations to temper

Photo by Markus Winkler on Unsplash

Seasoned venture capitalists in China expect the market to take a favourable turn in 2023, but entrepreneurs and their venture backers should not keep expectations of high valuations as bubbles burst across many overvalued industries.

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