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VCs still see gold in China startups despite Beijing's tech clampdown
Industrial automation and deep tech remain hot themes, despite country's Internet platforms facing unprecedented pressure
Published Wed, Dec 8, 2021 · 09:50 PM
Singapore
CHINA'S tech crackdown could extend into 2022, but venture capitalists are not zipping up their wallets. With the consumer Internet space in turmoil, they are refocusing on long-term themes, including automation and deep tech.
Despite the rout in Chinese tech stocks - worsened by Didi's move to delist in the United States - the private market is buoyant.
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