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Investors pour money into Chinese start-ups despite regulatory crackdown
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cnbc.comBEIJING — Global investors put more money into Chinese start-ups in the third quarter, despite Beijing's regulatory crackdown that's paused a rush of Chinese IPOs in the U.S.
Venture capital investment in China rose in the July to September period from the prior quarter, bringing year-to-date totals to more than all of 2020, multiple data sources show.
The investor interest came even as the quarter began with an onslaught of regulation from Beijing. Just days after Chinese ride-hailing app Didi held its massive IPO in New York on June 30, Beijing ordered the company to suspend new user registrations during a security review. Didi shares have fallen more than 35% since the IPO.
A few weeks later, authorities abruptly ordered after-school
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