// The previously unreported fundraising struggles of CMC and other prominent Chinese firms, including Genesis Capital and Sinovation Ventures, reflect a stark reversal for the industry. The country’s technology sector has lost some of its appeal among global investors, and the environment for Chinese funds raising U.S. dollars from overseas backers has become increasingly harsh, in part due to rising geopolitical tensions between Washington and Beijing. https://www.theinformation.com/articles/venture-capital-firms-struggle-to-raise-funds-in-china //