Some Chinese entrepreneurs still believe success depends on long working hours and scrimping on employee benefits. Photo: Xinhua

China’s work ethic stretches beyond ‘996’ as tech companies feel the impact of slowdown

  • The number of venture capital deals in China fell 25 per cent year on year to 713 in the fourth quarter of last year
Topic |   China technology

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Some Chinese entrepreneurs still believe success depends on long working hours and scrimping on employee benefits. Photo: Xinhua
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Venture capital invested in China slumped 12 per cent year on year to US$18.3 billion in the quarter ended December. Photo: Reuters

US venture capital defies ‘cold winter’ to raise US$15.5 billion for Chinese investments

  • The surge in US venture capital investment in China is attributed to the large number of start-ups that listed publicly
Topic |   Venture capital market

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Venture capital invested in China slumped 12 per cent year on year to US$18.3 billion in the quarter ended December. Photo: Reuters
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