For China’s enterprise technology sector, the COVID-19 pandemic has come as a significant shot in the arm. As employees were forced to work from home, enterprise tech services — that help businesses with their digital transformation such as streamlining of workflows — began to write the pandemic playbook.
China’s Future Capital Discovery Fund is particularly bullish on the future prospects of this sector. Founded in 2014, the VC firm has allocated 85% of its investments to startups in enterprise tech, primarily in China.