Investors warn of China tech bubble
Some investors feel China's technology sector has been overfunded and that even some unicorns – private companies worth $1 billion-plus – will die off.
Is China’s technology sector in a bubble? Some experienced investors certainly think so – at least parts of it.
“There is a bubble at the angel [early venture capital] investment stage,” said Herry Han, partner and founder at venture capital firm Lightspeed China Partners (LCP). “In the last few years there have been so many angels in China; most of them have done 50 or 100 deals per year – it’s quite similar to the situation five to 10 years ago in Silicon Valley.”
However, the…
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