Chinese startups raised $69.4B in 2018, up 63% YoY as per CB Insights, but VCs have gotten more conservative after Chinese IPOs like Tencent Music disappointed (Julie Steinberg/Wall Street Journal)

Julie Steinberg / Wall Street Journal:
Chinese startups raised $69.4B in 2018, up 63% YoY as per CB Insights, but VCs have gotten more conservative after Chinese IPOs like Tencent Music disappointed  —  Thousands of private Chinese tech companies raised a record $69.4 billion in equity in 2018, but the volume of stock sales has dropped off sharply of late

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