China GPs wary of inflated unicorns – AVCJ Forum
China has no shortage of technology unicorns with valuations in excess of $1 billion, but picking the right team to back requires careful assessment, China-focused GPs said at the AVCJ China Forum.
"Over the next 5-10 years, there will be more unicorns emerging in China," said Xiang Gao, founding partner at Banyan Capital. "In the past, internet companies relied on advertising to generate income,...
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