Coronavirus outbreak forces China's start-ups to rethink their priorities

The coronavirus crisis is reshaping business mentalities in China's investing industry, and creating new opportunities.

The coronavirus outbreak is shaking up China's investing industry, as companies shift their business mentalities, while others seek new opportunities.

A worker at a fruit store wearing a face mask and using his mobile phone as he waits for the customers in Beijing, on February 29, 2020.BEIJING — The coronavirus outbreak is shaking up China's investing industry, as companies shift their business mentalities, while others seek new opportunities.once meant that businesses could ride short trends and quickly generate capital for their founders' next venture, with little thought to the long-term consequences, or opportunities.

"For the first half of the year, VC, PE need to maintain their network, maintain their cash flow," Wu said. We see a huge, huge opportunity after this crisis to buy a lot of our competitors a very cheap price.Preqin said China-based venture capital and private equity firms have raised about $600 million so far this year, versus $84 billion for all of last year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus live updates: China reports 202 cases as total crosses 80,000Coronavirus live updates: Asia markets set to fall, Macao casino revenue plunges
Read more »

Mainland China reports sharp drop in new coronavirus cases on March 1Mainland China had 202 new confirmed cases of coronavirus infections on Sunday, ...
Read more »

Mainland China adds 573 coronavirus infections in week's highest daily riseMainland China reported 573 new coronavirus infections on Feb. 29, up from 427 t...
Read more »

Coronavirus live updates: China reports 125 new cases as its numbers dropChins had 125 new confirmed cases, and 31 more deaths, as of March 2.
Read more »

Wuhan closes makeshift hospital as new coronavirus cases in China drop sharplyThe Chinese city at the center of the coronavirus epidemic closed its first make...
Read more »