Dollar fundraising gets tougher for China-focused venture funds, warn VCs

Dollar fundraising gets tougher for China-focused venture funds, warn VCs

FILE PHOTO: Flags of U.S. and China are seen in this illustration picture taken August 2, 2022. REUTERS/Florence Lo/Illustration

China-focused venture funds are finding it increasingly difficult to raise funds from Western investors due to rising geopolitical tensions and a lacklustre recovery in Asia’s biggest economy, some of the top players in the industry are warning.