Heard on the Street: Despite the carnage in overseas listed tech firms, VC activity in China remains surprisingly resilient.
China’s listed internet-technology companies are reeling from this year’s regulatory crackdown. But that hasn’t stopped the action in the private markets: Investors are still charging into many of the country’s technology startups.
Venture capital and private-equity investment in Chinese startups for the first three quarters of 2021 rose 75% from a year earlier to $165 billion, according to research firm Zero2IPO. That total is higher than for full-year 2020, and is on track to beat the peak set in 2017.
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