The Rise of Chinese Venture Capital – (Part 3 of 5)
Steve Blank
APRIL 12, 2013
The second wave of technology investors were Chinese banks, who provided the majority of the later stage investments in the Torch Program. By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors. Like the U.S.
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