336 Chinese startups, which collectively raised ~$2.5B, failed in 2019, outpacing other years amid a funding shortage (Ryan McMorrow/Financial Times)

Ryan McMorrow / Financial Times:
336 Chinese startups, which collectively raised ~$2.5B, failed in 2019, outpacing other years amid a funding shortage  —  Hundreds of Chinese tech start-ups — including several unicorns — failed in 2019, with many more limping into the new year, as companies burn through cash in the face of growing financial headwinds.

via Techmeme