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Business

Asian startup investment finally tops US tally

Didi, other megadeals pushed total over $19bn last quarter

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Didi Chuxing's booth at the Global Mobile Internet Conference 2017 in Beijing.   © Reuters

PALO ALTO, U.S. -- Asian startups received $19.3 billion in investments in the April-June period, overtaking American ventures for the first time as rising stars like Chinese ride app provider Didi Chuxing guzzled up capital.

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