Bertelsmann Investments to invest $700m in Chinese startups: report

Bertelsmann Investments to invest $700m in Chinese startups: report

FILE PHOTO: A cleaning worker is seen through a glass window at a shopping mall in the Central Business District (CBD), amid the coronavirus disease (COVID-19) outbreak in Beijing, China June 2, 2022. REUTERS/Tingshu Wang

Bertelsmann Investments, the venture capital (VC) arm of German media group Bertelsmann, is reportedly looking to invest $700 million in Chinese startups over the next 3-5 years despite widespread concerns among Western investors over the country’s slowing economy and its political tensions with the US.

Edited by: Pramod Mathew