SHANGHAI -- The funding received by unlisted Chinese enterprises in the first quarter of this year plunged by nearly half from a year ago as corporate investors hesitate to take risks on startups while China is in a trade war with the U.S. and its economy is slumping.
Startups
Big investors begin to shun China's unlisted startups
Quarterly fundraising drops by half under trade war pressures
Nio, which recorded a loss surpassing $1 billion last year, serves as a cautionary tale for funding Chinese electric vehicle startups.
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