Caixin
Nov 02, 2016 05:04 PM
FINANCE

Venture Capital Dries Up as Economy, Stock Market Struggle

A nearly empty street called Inno Way in Beijing's Zhongguancun area, a place built to encourage entrepreneurship. Photo: Visual China
A nearly empty street called Inno Way in Beijing's Zhongguancun area, a place built to encourage entrepreneurship. Photo: Visual China

(Beijing) — Raising money from once-generous venture capitalists is becoming a more-challenging task for many startup founders in China, as the economy continues to slow and stock market volatility makes investors more cautious.

After pouring billions of dollars to fuel a startup boom over the past several years, mainly in internet-related business, venture capitalists are hitting the brakes on funding.

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