China's VC investment sees the steepest decline in 7 years
The Chinese startup landscape, once a breeding ground for unicorns like ByteDance and Didi, is facing challenges due to slowing growth and geopolitical tensions, as revealed in a recent PitchBook report.
In the first half of 2023, venture capital firms in China invested a total of $26.7 billion across 3,072 deals. However, when this figure is annualized, it reveals a substantial 31.4% decrease compared to the previous year, potentially falling below levels last seen in 2016.
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.
Already have an account? Log in
Get unlimited access to tech news and data delivered to your inbox weekly.
You've successfully subscribed to Techloy
Great! Next, complete checkout to get full access to all premium content.
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.