Chinese startups eye quicker path to profitability as funding dwindles

Chinese startups eye quicker path to profitability as funding dwindles

People walk past a statue of a bull as they enter the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia. Photographer: Dimas Ardian/Bloomberg

China’s startups raised 46% less in January-September from a year earlier amid a soft economy, a worrisome trend that’s driving young companies to find faster paths to profitability in order to stay afloat.