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Patterns of Venturing Financing: The Case of Chinese Entrepreneurs

Patterns of Venturing Financing: The Case of Chinese Entrepreneurs

This study examines the sources of venture financing of Chinese entrepreneurs in Wuhan, China. Based on a sample of 222, we found that Chinese entrepreneurs in Wuhan mainly rely on venture financing on their own or parties that are within their close social networks such as parents, relatives and friends. External financing sources are notably missing. We also found that entrepreneurs who use significantly more personal saving in venture...

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