Chinese cities pare US lead in venture capital investments

The U.S. is losing its edge as the world’s foremost destination for venture capital investment, a new study shows, with U.S. startups capturing a rapidly declining share of global dollars invested, and Chinese companies grabbing more of the total. Because startups play a critical role in economic dynamism, the study bodes well for the global economy as a whole, its authors say, even as it points to an erosion of U.S. dominance.