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Funding squeeze to deflate China's startup 'bubble,' says US incubator

Slower pace of venture capital will let smaller players emerge from shadow of giants like Ant Financial and Didi

A driver in Beijing taps the Didi app. The ride-hailing company ranks as China's most valuable unicorn.   © Reuters

BEIJING -- China's startup bubble, which has spawned a flurry of multibillion-dollar companies such as ride-hailing group Didi Chuxing, is at risk of bursting, a leading U.S. incubator has warned.

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