The reason is other VCs. I know a number of VCs now, and when you talk to them you realize that it's a seller's market.
China's automobile industry has changed rapidly from seller's market to a buyer's market.
Now the Chinese market to the buyer by the seller's market has the market, so, you are just ten years ago, is now doing can earn the money as long as do not yet, but will do well.
Meanwhile, the market demand and supply relationship has also shifted from the seller's market to the consumer's market.
