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SHANGHAI — Zong Wenhao, the chief executive of Shanghai DominantTech, an autonomous driving startup, recently breathed a sigh of relief as his company managed to raise additional capital after months of frustration. The funding valued the company at 100 million yuan ($14.6 million), a 10th of what Zong had expected, but the fact that the Shanghai-based startup was able to attract fresh investment after having sought it out since the autumn of 2019 speaks to the recuperation of the market. “We are far from satisfied with the valuation,” Zong said, “but we have succeeded in raising money, anyway.” Chinese startups in the first eight months of 2020 raised about $33 billion, according to Shanghai DZH, which offers financial data and data analysis for investors. While this amount is almost unchanged from the same period of 2019, a breakdown shows a dramatic trend. In the first three months, startups brought in around $7.5 billion . For the April-June quarter, their haul surged to mo...