How the coronavirus outbreak has impacted startup ecosystems in India and China
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.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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