Panic in China, where SVB has played a hugely important role in the country. Chinese startups can’t raise money from overseas investors in foreign currencies without offshore bank account. Opening an SVB account has been the easiest option.
Panic in China, where SVB has played a hugely important role in the country. Chinese startups can’t raise money from overseas investors in foreign currencies without offshore bank account. Opening an SVB account has been the easiest option.