The Worst Fails Of Chinese Tech High-Flyers In 2016

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As venture capital investors tightened their purse strings following often-unrealistic valuations, start-ups in China have suffered from a lack of funding since the latter part of 2015. According to Chinese start-up and venture data tracker IT Juizi, a total of 1,390 start-ups have shut operations as of mid-January, accounting for 3% of all Chinese start-ups.

China Money Network

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