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.
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