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What Xi the VC can (and can’t) teach Europe
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What Xi the VC can (and can’t) teach Europe
When you think of venture capitalists, you usually think of a familiar list of names from Silicon Valley—yet the one you would least expect to find on it might be Xi Jinping. On July 27th, China’s biggest modern chip-producing company, CXMT, went public at 8.66 yuan per share and raised 57.9 billion yuan (8.6 billion USD). The shares closed +466% on debut, valuing CXMT at 3.3 trillion yuan, and placing it as China’s most valuable publicly listed…
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