Private capital still game for China tech plays

But with China IPO exits blocked, a slowdown in private placements likely and take-privates on hold, private capital may spring primarily from strategic investors.

Private capital still game for China tech plays

China's stock market turmoil heightened levels of uncertainty and angst among Chinese internet companies courting private capital but bankers say the wave of tech funding that began before the crash isn't over.

While tech companies such as Tencent, JD.com, Alibaba and Baidu have been big participants in pre-IPO funding rounds for internet and technology firms, generally making strategic investments with longer horizons, financial investors typically seek exits within a certain time frame.

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