These two assets are going to become more formidable, and soon.

After more than a decade dominated by consumer apps, marketplace platforms, and rapid user-acquisition models, venture capital is undergoing a noticeable reallocation of attention and funding toward deep tech — startups grounded in advanced science, complex engineering, and long development cycles — signaling a broader recalibration of risk, value creation, and technological ambition.

A veteran of Chinese venture capital firm Ince Capital purchased a luxury apartment in Hong Kong, adding to a list of high-profile buyers as the city’s housing market shows signs of a recovery.