How China’s Communist Officials Became Venture Capitalists
- Date: 07-Feb-2022
- Source: Yahoo News
- Sector:Economy
- Country:Middle East
How China’s Communist Officials Became Venture Capitalists
(Bloomberg Markets) -- In early 2020, as the pandemic pushed it to the verge of bankruptcy, China’s highest-profile rival to Tesla Inc. was shunned by the venture capital funds and foreign investors that had powered its rise. So Nasdaq-listed Nio Inc. turned to China’s newest class of venture capitalists: Communist officials.
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