Voices | Jack Ma: The investment spree is over

Chinese startup investment spree is fading and this is good news.

HANGZHOU, CHINA - OCTOBER 25: (CHINA OUT) Jack Ma, founder and chairman of Alibaba Group, president of the General Association of Zhejiang Entrepreneurs, makes a speech on the Zhejiang Entrepreneurs Association on October 25, 2015 in Hangzhou, Zhejiang Province of China. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)

At the World Conference on VR Industry on 19 October, Jack Ma pointed out that the Chinese startup investment spree is fading and this is good news. “In Alibaba’s early days, US$ 5 million funding was enormous. Recently, US$ 100 million is very common. Now the investment spree is over, let’s see who’s truly capable.”