{"id":340048,"date":"2024-08-27T11:54:14","date_gmt":"2024-08-27T06:24:14","guid":{"rendered":"https:\/\/www.technologyforyou.org\/?p=340048"},"modified":"2024-08-27T11:54:14","modified_gmt":"2024-08-27T06:24:14","slug":"china-startups-secure-vc-funding-worth-21-8-billion-during-january-july-2024","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/china-startups-secure-vc-funding-worth-21-8-billion-during-january-july-2024\/","title":{"rendered":"China startups secure VC funding worth $21.8 billion during January-July 2024"},"content":{"rendered":"<div class=\"post_text\">\n<div class=\"post_text_inner\">\n<p class=\"post_info\">A total of 1,571 venture capital (VC) deals with disclosed funding value worth $21.8 billion were announced in China during January-July 2024. This represents year-on-year (YoY) decline of 17.5% in VC deal volume and 4.7% in terms of funding value when compared to the same period in the previous year, according to GlobalData, a leading data and analytics company.<\/p>\n<\/div>\n<\/div>\n<div class=\"post_text\">\n<p>An analysis of GlobalData\u2019s\u00a0Deals Database\u00a0also revealed that a total of 1,904 VC deals were announced in China during January-July 2023, while the disclosed funding value of these deals stood at $22.9 billion.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-115520 size-full lazy aligncenter\" src=\"https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/08\/China-VC-Funding-Landscape_Jan-July-2024.png\" sizes=\"auto, (max-width: 1172px) 100vw, 1172px\" srcset=\"https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/08\/China-VC-Funding-Landscape_Jan-July-2024.png 1172w, https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/08\/China-VC-Funding-Landscape_Jan-July-2024-300x161.png 300w, https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/08\/China-VC-Funding-Landscape_Jan-July-2024-1024x549.png 1024w, https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/08\/China-VC-Funding-Landscape_Jan-July-2024-768x412.png 768w, https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/08\/China-VC-Funding-Landscape_Jan-July-2024-700x375.png 700w\" alt=\"\" width=\"1172\" height=\"628\" \/><\/p>\n<p><strong>Aurojyoti Bose, Lead Analyst at GlobalData, comments:<\/strong> \u201cNevertheless, despite the decline, China\u2019s dominance in the Asia-Pacific (APAC) region and significance in the global VC funding landscape continue to remain. It is the top APAC market for VC funding activity and is also a key global market, standing next to the US in terms of both VC deals volume and value.\u201d<\/p>\n<p>China accounted for 16.4% share of the total number of VC deals announced globally during January-July 2024, while its share of the corresponding disclosed funding value stood at 14.9%.<\/p>\n<p>Some of the notable VC funding deals announced in China during January-July 2024 include $1.5 billion worth funding raised by Changxin Technology, $1.1 billion funding raised by IM Motors, and $1 billion funding raised by Moonshot AI, among others.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A total of 1,571 venture capital (VC) deals with disclosed funding value worth $21.8 billion were announced in China during January-July 2024. This represents year-on-year (YoY) decline of 17.5% in VC deal volume and 4.7% in terms of funding value when compared to the same period in the previous year, according to GlobalData, a leading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[314],"tags":[],"class_list":{"0":"post-340048","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-startups-stories"},"_links":{"self":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/340048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/comments?post=340048"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/340048\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=340048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=340048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=340048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}