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Finance

Chinese venture capitalists take a shine to startups again

Success against virus, rivalry with US and central bank kick-start funding boom

Chinese startups raised about $33 billion from investors in the first eight months of 2020, with the amount surging in the most recent months.   © EPA/Jiji
YUSHO CHO, Nikkei staff writer | China

SHANGHAI -- Zong Wenhao, the chief executive of Shanghai DominantTech, an autonomous driving startup, recently breathed a sigh of relief as his company managed to raise additional capital after months of frustration.

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