Startups in China got tons of investment funds last year with the health care and semiconductor sectors both smiling to the bank amid the COVID-19 restriction across the globe. On the other hand, internet companies and video gaming sectors fell out of favor in the country as the Chinese government continued with its harsh regulatory crackdown on these sectors. According to reports, total funding for private sector firms in the so-called “new economy” totaled about US$296 billion or CNY 1.89 trillion in 2021 alone. This was a 6.6% increase compared to the previous year according to ITjuzi, a Beijing-based market…