Winter spells good investing season for VCs: GGV Capital partner

Singapore

THE days of heady valuations for start-ups in China are over, as the venture-capital (VC) market hunkers down for the winter cycle, when capitalists typically hit the brakes on funding.

But GGV Capital's Shanghai-based managing partner Jenny Lee, playing the contrarian, believes this could well be a good season for venture capitalists to deploy their dry powder.