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)

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.