While Western investment in China slows, Germany’s Bertelsmann has an Asian fund that shows little sign of waning enthusiasm.
Annabelle Long, founding and managing partner of BAI Capital, at the Berlin Global Dialogue in Berlin, Germany, September 28, 2023. Credit: Berlin Global Dialogue
It’s a gloomy time for venture capital in China, with the amount the industry invested in Chinese firms falling to a five-year low last year, according to market intelligence firm S&P Global.
Amid the negative sentiment BAI Capital, part of the German media conglomerate Bertelsmann, has gone against the grain by promising millions of dollars of investments in Chinese start-ups over the next four years.
At The Wire, we periodically focus on prominent firms investing in China, introduc
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