Country has funneled $338 billion into startup investment funds.
While investors in the West have carefully trimmed their stakes in startups and announced the end of the golden age of unicorns, China’s government-backed venture capital funds have amassed the world’s biggest startup pool, reports Bloomberg.
And it’s enormous—reaching almost 10 times the amount spent by venture capital firms on Chinese startups in 2015: $32.2 billion.
