, Columnist
Asia's Technology Bear Isn't Ready to Hibernate
As interest rates rise, the venture-capital model pioneered by SoftBank and followed by the likes of Tencent is breaking down.
Venture out at your peril.
Photographer: Mohd Rasfan/AFP/Getty Images
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One’s a bear and a half while the other’s more of a cub.
Until recently, U.S. technology companies seemed immune to the escalating trade war with China. Their Asian peers, meanwhile, have collapsed.