October 27, 2022 (Investorideas.com Newswire) A total of 2,865 venture capital (VC) funding deals worth $42.2 billion were announced in China during Q1-Q3 2022, which is a 9.5% decline in volume and 43.6% in value compared to the same period last year, finds GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that China has been witnessing a fluctuating month-on-month VC funding trend this year. September 2022 showcased a significant decline in funding value and volume. China-based startups raised $3.4 billion through 279 VC funding deals during the month, which is a massive 41.7% decline in value and a 15.7% decline in deal volume compared to the previous month.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Geopolitical tensions and China’s zero covid policy seem to have taken a toll on the VC funding activity in the country. The massive decline in deal value during the recent month is likely to be a fallout of surge in new COVID-19 cases.”
However, despite the decline, China continues to remain the leading Asia-Pacific market registering the highest VC deals volume and value in the region during Q1-Q3 2022. It is also one of the top markets globally and stands just next to the US.
(Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain)
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Notes to Editors
Quotes are provided by Aurojyoti Bose, Lead Analyst at GlobalData
The information is based on GlobalData’s Financial Deals Database
This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.
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