China B2B startups still have much room to grow in a trillion-RMB market
- China
- 5 min read
- Apr 09, 2020
- By Megan Wang, Wang Xiao'e
Image: Shutterstock
Investors favor enterprise tech startups amid slowing deal flow, still foresee strong growth despite competition from tech giants
Despite the so-called “capital winter” in China, enterprise tech startups received more funding from VCs than any other businesses in 2019, quite an achievement for a sector without a history of rapid growth and which had just started to take off around 2015.
Last year, the B2B sector ranked first in the number of deals struck and funding volume, accounting for 18.65% and 16.48%, respectively. Before 2015, China's biggest tech companies were mostly consumer-focused. Only a few targeted the enterprise market, and even so, mostly only in software services.
When asked about the reason...
Last year, the B2B sector ranked first in the number of deals struck and funding volume, accounting for 18.65% and 16.48%, respectively. Before 2015, China's biggest tech companies were mostly consumer-focused. Only a few targeted the enterprise market, and even so, mostly only in software services.
When asked about the reason...
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