After a record amount of money gushed into China’s technology sector and fueled eye-popping valuations for many private companies in recent years, venture capital is said to be drying up and startups should brace themselves for what some industry insiders describe as a “capital winter.”
That’s the view held by several China-based venture capitalists and research firms. Speaking on the sidelines of Forbes Asia’s Under 30 Summit in Hong Kong, a number of young investors and honorees from this year’s list say valuations for private companies in China will return to “more reasonable” levels in the second half of this year.
Image: Workers use computers at their desks inside a co-working space for start-up companies in Beijing, China. (Photo by Tomohiro Ohsumi/Bloomberg)
