Two mid-sized Chinese venture capital firms are moving in new directions, one embracing cryptocurrencies and the other diversifying beyond retail. What's driving these moves? And up-and-coming online travel agent Klook is eying a major New York IPO. Why isn't it following a more recent trend to list in Hong Kong, and is there room for yet another travel agent in a crowded field of listed companies like Trip.com and Booking.com?
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