Investors optimistic on future tech trends
Investors say they remain optimistic, as tech breakthroughs and entrepreneurship will help open up new markets, despite a slowdown in fundraising and "capital winter" in China.
"There must be a cycle in economy. Historically, investment and entrepreneurship would see their best chances among some big challenges," said Kaifu Lee, founder and CEO of the tech venture capital firm Sinovation Ventures. "Only those who have ideas, passion and ability will start a business."
His words came amid a slowdown in fundraising for venture capital and private equity firms this year in China. In the first 11 months, total fundraising was 1.15 trillion yuan ($167 billion), down 28.7 percent year-on-year, according to the latest report by Zero2IPO Research, a leading venture capital and private equity research institution.
