- 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.
- While those funds may have a few more years to go before they really need to show performance, their difficulties so far reflect a lack of IPOs — even before the latest market slump.
Pictured here is Shenzhen in southern China. The city is sometimes considered China’s Silicon Valley.
Nurphoto | Nurphoto | Getty Images
BEIJING — In the years since Alibaba’s U.S. listing in 2014, 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…
