Slump has little impact on startups

Chinese startup companies are still confident of their future, despite the stock market slump, but said the flow of venture capital financing has tightened.

Liu Chunhe, founder and CEO of the Beijing-based New-Born Town, the fast-growing developer of mobile-based search platform Solo System, said the company had not been adversely affected by the A-share turmoil of the past few weeks.

"The nation's mass innovation and entrepreneurship strategy will not be halted by the stock market turbulence, and we are confident about our company's prospects," said Liu.