China Creation Ventures' Zhou Says China's VC Market 'Very Crowded'

The transcript discusses the growth and challenges in the TMT sector, particularly in China, where the number of VC firms has increased significantly, leading to a crowded market. Despite economic issues affecting fundraising, some firms have successfully raised funds. The discussion also covers the impact of IPO limitations in China and highlights a portfolio company's approval for an IPO in Hong Kong. The company, WANKA, helps monetize App Store traffic, and the timing of IPOs is debated in light of current market conditions.

What is the significance of the DPI for limited partners in the context of fundraising?

Can you describe the role of the company '1 car' mentioned in the discussion?