🔔 How the startup ecosystem is reacting with Covid-19 Virus?

 38 days ago
 Source: yourstory.com

How the coronavirus outbreak has impacted startup ecosystems in India and China

Quick Summary

A few weeks ago, Wuhan in China reported a spurt in cases involving a mysterious, pneumonia-like illness. Chinese tech giant Alibaba described the coronavirus outbreak as a “black swan” event that could have a “significant economic impact”. The contagion has put the brakes on travel, leisure, and business, bringing movement of people and goods to a halt. “Founders largely travel to Singapore and China for funding. We have a distributor network and manufacturer in China; things have been adversely affected due to the lack of movement,” a startup founder says.

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