Despite expectations of a rebound in venture funding in Asia as the global tech industry bounces back from the impact of the global macroeconomic crisis, the anticipation of such a resurgence is yet to materialize.
In fact, the total venture volume in the region reached its lowest level in at least the past three years, standing at $15.2 billion, according to Crunchbase data. This is a 33% decline from $22.4 billion in the previous quarter and a staggering 57% from $35.5 billion in the first quarter of last year.
This post is for subscribers only
Sign up to read the post and as well as all other member only posts. Subscribing only takes a few seconds and will give you immediate access.
Subscribe now
Already have an account? Log in
