China Venture capitalists not very venturesome

Like venture capitalists everywhere, VCs in China are sitting on mountains of cash. Poor tech valuations in the past two years, exit problems and lousy business proposals are all to blame, according to CMS Cameron McKenna.

Anybody who believes the tech bubble has already been worked through needs to take a look at the venture capital industry in China. Many of the funds were set up during two record years of funds raising in 1999 and 2000 but the collapse in tech valuations has caused many of the venture capitalists to sit on their hands.

In its recent China Venture Capital survey, CMS Cameron McKenna found that management of existing portfolios is the greatest focus....

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