A sign for digital yuan, also referred to as e-CNY, is seen on a vending machine in Shanghai. Venture capital investment in China is shifting from the internet to hard tech.  Photo: Reuters
A sign for digital yuan, also referred to as e-CNY, is seen on a vending machine in Shanghai. Venture capital investment in China is shifting from the internet to hard tech. Photo: Reuters
Start-ups

China venture funding hits record US$131 billion despite crackdown, as start-ups pivot to hard tech

  • Entrepreneurs and venture firms have turned away from softer internet businesses and toward hard tech like semiconductors, robotics and enterprise software
  • The Chinese government is also making big bets on emerging technologies like hydrogen vehicles and biotechnology

Topic |   Start-ups
A sign for digital yuan, also referred to as e-CNY, is seen on a vending machine in Shanghai. Venture capital investment in China is shifting from the internet to hard tech.  Photo: Reuters
A sign for digital yuan, also referred to as e-CNY, is seen on a vending machine in Shanghai. Venture capital investment in China is shifting from the internet to hard tech. Photo: Reuters
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