Collapse of Chinese startup ecosystem. Cost of detaining Jack Ma will be in trillions ! Deng Xiaoping must be cursing Xi Jinping from heaven

• BioBay, a science park in Suzhou, is nearly deserted with many biotech start-ups having moved out or closed down.
• The venture capital industry in China has seen a dramatic decline, with start-ups founded dropping from 51,302 in 2018...

• Zhong Shanshan, founder of Nongfu Spring Co., criticizes PDD Holdings and ByteDance for instigating a price war and spreading negative publicity.
• The fallout led to a $20 billion loss in market capitalization for Nongfu and Zhong's ...

EDianbao was started not long after Taobao’s founding in 2003, and enjoyed a surge of growth corresponding to the overall ecommerce boom in China. However, in 2020, EDianbao ran out of cash, despite earlier funding for Sequoia and many o...

Gurgaon startups looking to move to London it seems.

https://www.livemint.com/companies/news/many-gurugram-tech-firms-keen-to-set-up-shops-in-london-report-11692942637406.html