You are here

China hits record US$37b in VC deals in challenge to US

BT_20160120_NAHVENTURE20DYAH_2075519.jpg
Xiaomi stumbled in its goal of selling 80 million smartphones last year as rivals copy its youthful style and online sales strategy.

Hong Kong

VENTURE capitalists poured a record US$37 billion into China startups last year, more than double the previous year's tally, as the country emerges as a legitimate challenger to the US for leadership of the technology industry.

The surge came as venture firms invested in

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom