China's VC boom shows signs of a downturn as deal value drops 77% in Q2

China's VC boom shows signs of a downturn as deal value drops 77% in Q2

REUTERS/Kim Kyung-Hoon

China went through a five-year surge in venture capital investment that fostered a new generation of startups from ride-hailing giant Didi Chuxing to TikTok-parent Bytedance Ltd. Now the boom may be over.

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