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The market plunge is put in perspective by explosive, exuberant growth in recent years.
The startup claims to have connected over 1,200 causes with over 300 companies, raising RMB $6 million in donations.
Three investors based in Jakarta weigh in on how social impact funds are different from tech-focused venture investments
The firm’s portfolio already includes powerhouse tech companies from China.
Chinese tech VCs gain global influence
China’s traditional heavy industries such as manufacturing and construction are due for a makeover.
Softbank’s China venture capital arm is among the investors in the company which sets itself apart from the competition by guaranteeing deliveries within 28 minutes.
After the fundraising, Chehaoduo will be valued above $9 billion.
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