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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 The Chinese government’s plan to promote domestic high-tech industries, a prime target of the latest U.S. trade measures, is also stirring unease among European panies. Source: US Census Bureau, Pew Research, Newzoo, Statista, eMarketer, CNNIC, IMF At a Glance: vs. US Although ’s penetration is just over 50%, its sheer scale means there are 3x the number Tags: china, internet, report, abacusnews, China Oceanwide USA – Growth OCEANWIDE HOLDINGS GROUP. Founded in 1985, Oceanwide started as a property developer and since has bee one of the largest conglomerate in , with assets and investments in banking, insurance, energy, media, and - Remended Law , Lawyers, Attorneys, Advocates Cathay Associates cathayassociates.. Founded in 2009, Cathay Associates Kejie is a transactional and litigation law firm within a global network, specialising in advising domestic and international

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