Chinese investors have begun talking about the recent “irrational” valuations of Chinese tech startups and a potential tech bubble in China.
A couple of days ago, David Zhang, founding managing partner at Matrix Partners China, wrote an open letter, titled “A Bubble is Out There”, to all the CEOs of their portfolio companies.
Apart from worries about the U.S. stock market and the increasingly high valuations of western startups, Mr. Zhang points out the “irrational exuberance” in early stage investments in China’s TMT (telecommunications, media and technology) market.
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.