China’s tech startups are in even worse shape/The difference between SVB’s and China’s bank failure

#chinainsights Before the U.S. government stepped in to bail out SVB, news of the collapse quickly appeared prominently in major Chinese media outlets and continued to make its way onto Weibo’s hot search. – 16 Many “wumao, the paid Internet commentators ” and Little Pink, the CCP brainwashed patriots, cheered over the Chairman of SOHO China, Pan Shiyi, and his wife, founder of Meituan, as well as Chinese venture capital firms getting caught in the SVB mire.