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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

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