Coronavirus outbreak forces China's start-ups to rethink their priorities

The coronavirus crisis is reshaping business mentalities in China's investing industry, and creating new opportunities.

The coronavirus outbreak is shaking up China's investing industry, as companies shift their business mentalities, while others seek new opportunities.

A worker at a fruit store wearing a face mask and using his mobile phone as he waits for the customers in Beijing, on February 29, 2020.BEIJING — The coronavirus outbreak is shaking up China's investing industry, as companies shift their business mentalities, while others seek new opportunities.once meant that businesses could ride short trends and quickly generate capital for their founders' next venture, with little thought to the long-term consequences, or opportunities.

"For the first half of the year, VC, PE need to maintain their network, maintain their cash flow," Wu said. We see a huge, huge opportunity after this crisis to buy a lot of our competitors a very cheap price.Preqin said China-based venture capital and private equity firms have raised about $600 million so far this year, versus $84 billion for all of last year.

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