China’s venture capital market plummets amid trade war, tech start-up valuation concerns

China went through a five-year surge in venture capital investment that fostered a new generation of start-ups, from ride-hailing giant Didi Chuxing to TikTok-parent ByteDance. Now the boom may be over.Venture capital deals in China plummeted in the second quarter, as investors pulled back amid unpredictable trade talks and growing concerns about start-up valuations. The value of investments in the country tumbled 77 per cent to US$9.4 billion in the second quarter from a year earlier, while…

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