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Top tech investor brushes off China's startup funding slump

James Mi bullish on IPOs despite slowdown

Venture capitalist James Mi says the new Nasdaq-style tech board in Shanghai will help spur investment in Chinese startups.   © Reuters

TOKYO -- China's startup scene is showing signs of cooling as investors shy away from increasingly high valuations, but a recovery is on the horizon, according to one of the world's leading venture capitalists.

James Mi, who this year ranked twelfth on Forbes Midas List of the world's most successful dealmakers in high-tech venture capital, told Nikkei that investment in China's startups would "recover gradually" as tech values returned to more realistic levels.

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