Trade war

US or China? startups begin to choose sides

Startups face a dilemma. Should they be based in the US or China?

The ongoing US-China trade war means that startups are beginning to think about which market they are going to stay in. It is a difficult choice.

“More entrepreneurs are selling their businesses in the US and coming back to China to restart,” Nisa Leung, managing partner of Qiming Venture Partners, said on a panel at RISE Hong Kong on Tuesday. The tech startup and investment conference RISE is held in Hong Kong from July 8 to 11.

Some startups have gone one step further. “Now companies are choosing sides, either in the US or in China,” said Harry Man of Matrix Partners on the...

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