China’s sweeping clampdown on its internet industry has chilled investors and startups betting on once red-hot areas like games and e-commerce. But investors aren’t slowing their pace in the country. The consumer internet boom in the 2010s gave rise to juggernauts like Tencent and Alibaba. As digitization spreads to more traditional sectors, new giants will emerge within the “tech” industry at large.
Temasek, for example, sees a “huge amount of opportunity” in areas like medtech, biotech, healthcare, and sustainability in China, its Rohit Sipahimalani recently told Nikkei Asia in an interview. These are fields “that continue to be in line with government policy.”
Indeed, Temasek recently bankrolled a few Chinese startups in these verticals: Vision X, an ophthalmology and optometry device supplier; Abogen Bi …
