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Five Chinese startups that survived a tough year of Covid lockdowns - TL;DR CNBC

Five Chinese startups that survived a tough year of Covid lockdowns

Publishing timestamp: 2023-01-03 03:03:59


Summary

Despite the economic downturn due to the pandemic, some Chinese startups have seen growth in 2022. Cybersecurity company Anxinsec quadrupled its revenue, kitchen appliances brand Ciarra saw sales grow by 25%, Keenon Robotics saw revenue climb by more than 40%, home furniture brand Povison saw sales more than double, and Volant Aerotech launched their own startup to build electric-powered helicopters. Venture capitalists have near-record levels of capital on hand and are waiting for the right entry point.


Sentiment: POSITIVE

Tickers: DAL

Keywords: united arab emiratesunited statesstock marketsmarket insiderchinaaerospace and defense industryipoworld economybusiness newsasia economytechnologyventure capitaldelta air lines incmarketseconomy

Source: https://www.cnbc.com/2023/01/03/five-chinese-startups-that-survived-a-tough-year-of-covid-lockdowns.html


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