A Capital Winter Is Just What Chinese Entrepreneurs Need: Startup Guru Kaifu Lee

China’s fast-growing startup scene is somewhat notorious for overzealous funding rounds and skyrocketing valuations for mysteriously opaque products. Until mid-2015, wave after wave of funding entered the market, only to be hampered in the second half of the year increased saturation.

So how will China’s startup ecosystem react to a more risk-averse funding environment? According to Chinese startup guru Kaifu Lee it’s just the medicine China tech needs.

“China’s startup industry has experienced both the so-called ‘capital bubble’ and ‘capital winter’ in the last year. However this year I see more pragmatic entrepreneurs who are getting better [in their] knowledge of entrepreneurship.”

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