A look at one of China’s largest angel investors, with a penchant for artificial intelligence.
Chinese venture capital firms have mostly shied away from high-value deals this year amid waning confidence in the country’s economy. Total deal value is on track to plunge by 30 percent year-on-year, a recent report from PitchBook suggests.
One firm bucking this trend is ZhenFund, a Beijing-based angel investor which has helped several big names in the high-tech space get their start. Notable companies which have received funding from ZhenFund include autonomous aerial vehicle manufacturer
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The new U.S. tariffs on Chinese-made EVs are both unprecedented and largely performative since Chinese EVs haven't yet penetrated the U.S. market. The European Union, by contrast, is facing a more critical and nuanced challenge from the influx of Chinese-made EVS and is currently debating what to do about it. Can the E.U. save its auto industry and still keep its green transition going?