Despite early signs of a recovery among some investors and consumers who remained largely optimistic, the COVID-19 outbreak will likely have a significant impact on China’s tech sector as a whole.

For the past month, VC investment pace seems to have slacked off in the U.S., but deal activities in China are picking up following a slowdown prompted by the COVID-19 outbreak.

In the earliest days of the COVID-19 pandemic, Rocio Wu looks to the Chinese market to see if American investors can anticipate the virus’ effect in their own markets.

Originally published in TechCrunch. Read the full story here.