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.
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
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