China Internet firms face venture capital funding squeeze

SHANGHAI/HONG KONG (Reuters) – China's hot Internet sector is facing a problem it is unaccustomed to: a lack of money. The world's largest Internet market, with nearly half a billion users, gave birth to some of the world's most vibrant Internet firms, such as Baidu Inc and Tencent Holdings. Venture capitalists bankrolled them, making knockout returns after the firms' successful U.S. listings in …

Quoted from China Internet firms face venture capital funding squeeze on internet – Yahoo! News Search Results

At a Glance: China vs. U.S. Internet. Although China’s internet penetration is just over 50%, its sheer scale means that there are 3x the number of smartphone users and 11x the number of mobile payment President Xi Jinping spoke by video link to delegates at the World Internet Conference in Wuzhen, China, in November. The country is stepping up efforts to manage the internet within its borders. Security book, Instagram sue -based over sales of fake accounts. The federal lawsuit alleges that four panies and three people in illegally used book's and Instagram's Tags: facebook, instagram, china, based, India’s Newest Internet Users Are Apps from are storming India, the world’s biggest untapped tech market, threatening to chip away at audiences of new users amassed by U.S. apps like book, WhatsApp and YouTube. March 24 (Reuters) - Ahead of fresh high-level trade talks this week, is not conceding to U.S. demands to ease curbs on technology panies, the Financial Times reported on Sunday, citing

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