Areas like chip-making are seen as the backbone of China’s manufacturing industry. Photo: Shutterstock

China’s e-commerce start-ups lose favour with private equity funds as Beijing-backed chip makers steal their thunder, study finds

  • The number of private equity funds targeting China’s e-commerce and internet businesses has fallen dramatically, according to a Bain & Co survey
Topic |   China technology

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Areas like chip-making are seen as the backbone of China’s manufacturing industry. Photo: Shutterstock
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