"Due to the scale and efficiency advantages formed by Chinese industrial giants in key areas, Western startups find it difficult to compete in supply chain, production capacity, and cost.
Bloomberg: eight top west venture capitalists from Kompas VC, Planet A Ventures, Extantia Capital, and other institutions, conducted an personal investigation of China's diversified enterprises in July this year and came to the following conclusion:
"Due to the scale and efficiency advantages formed by Chinese industrial giants in key areas, Western startups find it difficult to compete in supply chain, production capacity, and cost. Some investment institutions have put the related fields in their "no investment list", which includes battery manufacturing and recycling, electrolytic cells, solar energy, wind energy hardware, and other areas."
Simply put: game over.
posted by Satish Sharma at
05:36
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