Used cars and AI come out on top as China's startup funding slumps

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A man looks at a demonstration of human motion analysis software developed by artificial intelligence solutions maker Horizon Robotics. (Beijing, China October 24, 2018) © Reuters

YUSHO CHO and FUMIE YAKU, Nikkei staff writers

July 3, 2019 16:42 JST

SHANGHAI/TOKYO -- Chinese startups face increasing difficulty in raising money to fuel their businesses as various headwinds including the country's slower economic growth shrink the availability of venture capital.