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Startups

Tencent restructuring prompts fears for China's startup funding

Half of Chinese unicorns in for rough ride if tech giants curtail investment

Tencent is one of five Chinese tech companies that provide a combined 49% of startup funding in the country. (Photo by Yu Nakamura)

TOKYO -- Concerns are growing about funding for Chinese startups as Tencent Holdings -- by far the biggest source of capital for these companies -- moves to tackle falling profits with a shift from maturing consumer markets to servicing businesses.

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