Investors target China's lower-tier cities - AVCJ Forum
Private equity and venture capital firms are seeking investments that target China’s lower-tier cities, which continue to see rapid consumption growth despite the economic slowdown at national level.
“Alibaba found that e-commerce transactions are continuing to grow for women in tier two, three and four cities, but stagnating in tier one cities. The reason is that people in tier three and four cities...
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