CNBC
•83% Informative
Early-stage investing has drawn tens of billions of dollars into China with relatively little to show for it.
Among China -focused investment firms, only four U.S. dollar-denominated venture capital funds established between 2015 and 2020 have at least returned investors all the money they put in.
That's according to a new report " China 's Private Capital Landscape " from Preqin .
Jinjian Zhang , founding partner of venture capital firm Vitalbridge , said his firm sold an investment to a listed company in March .
Zhang said people who provided investment term sheets hadn't actually seen the projects in question.
In 2021 , Zhang said Vitalbridge raised more money than it had aimed to, but the firm generally held off on new investments because the market was overvalued.
VR Score
90
Informative language
95
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41
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English
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47
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Attention-grabbing headline
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Known propaganda techniques
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