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China’s Startups on the Ropes After Virus Freezes Funding

  • Startups with uncertain cash flow will struggle to stay afloat
  • VC investments tanked 60% in January amid virus outbreak

A woman wears a protective mask as she waits for a bus in Beijing on Feb. 13.

Photographer: Kevin Frayer/Getty Images
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China’s highest-flying technology startups are struggling to stay afloat after the coronavirus outbreak threatened to paralyze critical venture capital funding.