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This is how bad the startup scene looks in China right now

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In early 2018, VC Mike Moritz wrote in the FT that “Silicon Valley would be wise to follow China’s lead,” noting that the pace of labor at tech corporations was “furious” and that China offered “opportunities to invest in the best companies.” It didn’t take long for all of it to collapse. Worse, as the FT notes in a brand new piece, amongst (…)

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