Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation

“Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation”

Posted in technology as most of the funded companies are into technology. The most shocking piece is arguably the number of funded company pear year with a clear peak in 2018 which is 50x (!) more than last year, 2023.

  • istanbullu@lemmy.ml
    123·
    2 months ago

    you can’t argue against the obvious. china is doing fine, and chinese companies are killing it in many sectors. just look at how much american and german car companies are covering in fear at the sight of BYD.

    • utopiah@lemmy.mlOP
      52·
      2 months ago

      I believe that’s precisely the point of the article, that there will be no new BYD which was funded 29 years ago.

        • utopiah@lemmy.mlOP
          12·
          2 months ago

          Founded in 2019, right after the peak according to the very graph I highlighted.

          Neither I nor the article is saying there are no more startups nor innovation from China. What the article is saying is that it’s radically less than 7 years ago. You can still list few amazing Chinese startup from 2023 or 2024 and it would still not make the article “nonsense”.