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Chinese Internet Firms Face Harsh Road Ahead

From Economic Observer Online: Funding from venture capital firms has dried up in the wake of the global credit crunch, affecting Chinese internet-based startups, which depended heavily on foreign funding. Fund managers and...

Online Video Firms Under Bankruptcy Risks

From China Daily: Chinese venture-backed online video firms, which were on the edge of making profits, are now under risks of bankruptcy with the spreading US financial crisis, said a report in Monday’s Economic Observer...

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