China's stock market turmoil heightened levels of uncertainty and angst among Chinese internet companies courting private capital but bankers say the wave of tech funding that began before the crash isn't over.
While tech companies such as Tencent, JD.com, Alibaba and Baidu have been big participants in pre-IPO funding rounds for internet and technology firms, generally making strategic investments with longer horizons, financial investors typically seek exits within a certain time frame.
Earlier this month China's regulators suspended new initial public offerings as part of efforts to stabilise the stock market an act which could give investors pause.
According to SP...
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