Analysis: Chinese startups are increasingly looking to raise renminbi rather than USD; ~90% of semiconductor funding in China last year was renminbi denominated (Financial Times)

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Financial Times:
Analysis: Chinese startups are increasingly looking to raise renminbi rather than USD; ~90% of semiconductor funding in China last year was renminbi denominated  —  Preference rises for raising money in renminbi rather than dollars  —  Wu Xiao is turning down dollars.

from Techmeme https://ift.tt/3ssLB2n