STAR Market tech board offers hope to Chinese venture capitalists
By Editor - Fri Aug 16, 12:49 am
SHANGHAI/HONG KONG, Aug 16 (Reuters) – When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange. “The trade war has quite a big impact,” Shen said, adding that trade tensions inject uncertainty into valuations, financing and capital expenditure plans. STAR Market, which allows pre-profit companies to list in China for the first time, gives venture capitalists a new way to exit investments in loss-making start-ups.
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