China's top VCs warn dollar fundraising will only get tighter

Geopolitics heads list of concerns for investors in cross-border businesses

20230605 China US tension

Worsening U.S.-China relations have spooked investors in cross-border businesses. © AP

ECHO WONG, PAK YIU and KENJI KAWASE, Nikkei staff writers

HONG KONG -- China-focused venture funds are finding it increasingly difficult to raise funds from Western investors due to rising geopolitical tensions and a lackluster recovery in Asia's biggest economy, some of the top players in the industry are warning.

Steven Wang, a Chinese biotech investor who manages some $2.6 billion, is among those sounding the alarm.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.