VCs worried but enthused by frothy China tech sector - AVCJ Forum
The flood of capital entering China’s technology space is a concern for VC investors, but they remain firm believers in the emerging generation of mobile-enabled consumers that is driving interest in the sector.
"It scares me from a GP point of view," Raymond Yang, co-founder and managing partner at Westsummit Capital, told the AVCJ Forum. "But we are in a unique position in that the entire IT industry is undergoing...
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