MORE wealthy Chinese are ploughing money into technology startups, which are increasingly seen as a safe haven as the slowing economy eases hopes of extracting returns from traditional investment such as stocks, property or gold.
While Chinese shares are being pummelled and the yuan is under pressure, these private investors are turning to businesses such as taxi-hailing company Didi Kuaidi, which saw its valuation rise 25% to about US$20bil in a US$1bil funding round launched recently.
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