Here's the current state of China's struggling startup ecosystem

In the early part of 2018, venture capitalist Mike Moritz suggested in a Financial Times article that Silicon Valley could learn a thing or two from China. He pointed out the intense pace of work in Chinese tech firms and the attractive investment opportunities they offered. However, not long after, everything collapsed. As the Financial Times recently reported, the fallout was significant.

Rewriting this for those interested in investing, without making investment the main focus of the article, we get:

Back in early 2018, Mike Moritz, a prominent venture capitalist, penned an article for the Financial Times, suggesting that Silicon Valley could take some cues from China’s tech industry. He lauded China’s fast-paced tech environment and its potential for lucrative investments. But, in a surprising twist, the promising scenario soon crumbled. In a new report by the Financial Times, the aftermath is detailed.

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Here’s the current state of China’s struggling startup ecosystem

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