BBB on Warpcast

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chat is this real?

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Cameron Armstrong

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Pretty accurate, yeah. I'll paraphrase part of a piece by Yangling Jiang RE: VC $ in China and why the "hot money" era is over - China's consumer brand growth from the early to late 2010s, known as the "consumption upgrade," was built on the economic and social progress of the 1990s and 2000s. - The 2010s was $$$$$$ for Chinese consumer-facing startups, driven by native Chinese founders and significant venture capital investment. - Then came the decoupling of China-US capital markets, many companies were forced to delist from US and that significantly reduced U.S. venture capital investments in Chinese companies. That stalled everything out. - VC $ in China from U.S. investors hit a decade low in 2023, forcing consumer startups to shift focus from rapid expansion to profitability. There are still domestic startups but the scene has totally changed. The successful ones will change with it and survive. Jiang's full piece is here: https://www.chineseconsumers.news/p/why-are-stores-closing-in-droves

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typo'd the authors name - Yaling Jiang :/ my bad!

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oh this is really interesting - thank you for adding useful context!

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This made me think „that’s why I love FC” after reading this. Thank you for this input.

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Thanks for sharing this

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I also keep hearing that domestic demand is weak, which means that the only path for Chinese production is exports, but exports are becoming harder and harder due to import restrictions and taxes imposed by US, EU and other countries.

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