If you were a budding Chinese venture capital VC or private equity PE manager, it’s probably best to put 2019 way behind you. It was not a vintage year.
The number of new funds being setup hit a five-year low in 2019, while total fundraising for all funds shrank to $140.8 billion, almost one-fifth of the total amount compared to the year prior, according to CVSource data.
Over a longer horizon, the story of the early to later stage investment sector in China is a far more positive one. In fact, in the last decade it has had a profoundly positive effect on China’s...
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