Bicycles from bike sharing companies Ofo, Mobike and Bluegogo are piled up on a sidewalk in Beijing. 2019 will go down as a tough one for Chinese tech start-ups. Photo: ReutersBicycles from bike sharing companies Ofo, Mobike and Bluegogo are piled up on a sidewalk in Beijing. 2019 will go down as a tough one for Chinese tech start-ups. Photo: Reuters
Bicycles from bike sharing companies Ofo, Mobike and Bluegogo are piled up on a sidewalk in Beijing. 2019 will go down as a tough one for Chinese tech start-ups. Photo: Reuters

China’s tech start-ups kiss goodbye to cash burning as investors focus on profits

  • From January to November, Chinese companies raised US$35.6 billion in venture capital funding compared to US$93.4 billion over the same period last year

Topic |   Start-ups
Bicycles from bike sharing companies Ofo, Mobike and Bluegogo are piled up on a sidewalk in Beijing. 2019 will go down as a tough one for Chinese tech start-ups. Photo: ReutersBicycles from bike sharing companies Ofo, Mobike and Bluegogo are piled up on a sidewalk in Beijing. 2019 will go down as a tough one for Chinese tech start-ups. Photo: Reuters
Bicycles from bike sharing companies Ofo, Mobike and Bluegogo are piled up on a sidewalk in Beijing. 2019 will go down as a tough one for Chinese tech start-ups. Photo: Reuters
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