Now Even China's Unicorns Are Having Trouble Raising Cash
- SenseTime and Full Truck Alliance pump brakes on funding
- Investors are paying closer attention to profit in a downturn
Cameras for SenseTime Group Ltd.'s autonomous driving system are mounted inside a sedan during a test-drive in Hangzhou, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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You know it’s bad when even China’s hottest startups are having trouble raising capital.