It’s a gloomy time for venture capital in China, with the amount the industry invested in Chinese firms falling to a five-year low last year, according to market intelligence firm S&P Global. Amid the negative sentiment BAI Capital, part of the German media conglomerate Bertelsmann, has gone against the grain by promising millions of dollars of investments in Chinese start-ups over the next four years. At The Wire, we periodically focus on prominent firms investing in China, introduc