Employees stand next to a sculpture at the Ant Financial headquarters in Hangzhou, China. Photo: Bloomberg
China’s tech entrepreneurs are getting venture capital funding at home in push into Southeast Asian markets
- Private equity and venture capital firms are filling the vacuum as China’s technology titans shift focus to local start-up firms
- Internet-based consumption is still under penetrated in Southeast Asia, according to venture capital firm Gobi Partners
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Venture capital market
Employees stand next to a sculpture at the Ant Financial headquarters in Hangzhou, China. Photo: Bloomberg