Shanghai's STAR Market tech board offers exit route for Chinese VCs

When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange.

But with the launch of China’s new STAR Market tech board – and an escalating trade war with the United States – partner Frederick Shen said it makes more sense to list loss-making DaoCloud and North Ocean Photonics in Shanghai.

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