Funding for Early-Stage China Startups Holding Firm, Qiming Says

Qiming Venture Partners Founding Managing Partner Gary Rieschel said China’s early-stage startups have seen no decline in funding even as geopolitical headwinds affect venture capital investments more broadly.

“There’s still a vast amount of money for early-stage venture capital,” Rieschel told Bloomberg Television at the Bloomberg New Economy Forum in Singapore on Tuesday. “The funds that have had a hard time raising money now are the later-stage crossover funds.”

WATCH: Gary Rieschel, Founding Managing Partner at Qiming Venture Partners, discusses the outlook and funding for tech startups in China.

Source: Bloomberg

Very young companies are bucking the trend in China, where the total value of venture capital deals tumbled 44% to $62.1 billion through October, compared with the same period in ...