SHANGHAI/TOKYO -- Chinese startups are facing an increasingly tough financing landscape after data showed a slide in the amount raised last year as investors shift to backing companies with track records.
Startups
China's startup funding slump hits early-stage businesses
Fundraising fell 36% in 2019 as investors shunned unproven companies
Beijing Kwai Technology, the operator of popular video-sharing app Kuaishou, raised 19.5 billion yuan in 2019. © Reuters
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