China's Startups Are Awash With Money as Beijing Shifts Focus to 'Hard Tech'

Unlike in previous years, when most Chinese tech funding went to internet startups in e-commerce, the bulk of the money in the past year headed into areas that hew more closely to Communist Party priorities, such as semiconductors, biotechnology...

China's Startups Are Awash With Money as Beijing Shifts Focus to 'Hard Tech'
Unlike in previous years, when most Chinese tech funding went to internet startups in e-commerce, the bulk of the money in the past year headed into areas that hew more closely to Communist Party priorities, such as semiconductors, biotechnology and information technology.