{"id":344559,"date":"2024-10-24T20:58:38","date_gmt":"2024-10-24T15:28:38","guid":{"rendered":"https:\/\/www.technologyforyou.org\/?p=344559"},"modified":"2024-10-24T20:58:38","modified_gmt":"2024-10-24T15:28:38","slug":"vc-funding-in-china-down-by-19-5-yoy-to-25-7-billion-during-q1-q3-of-2024-finds-globaldata","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/vc-funding-in-china-down-by-19-5-yoy-to-25-7-billion-during-q1-q3-of-2024-finds-globaldata\/","title":{"rendered":"VC funding in China down by 19.5% YoY to $25.7 billion during Q1-Q3 of 2024, finds GlobalData"},"content":{"rendered":"<div class=\"post_text\">\n<div class=\"post_text_inner\">\n<p class=\"post_info\">A total of 1,954 venture capital (VC) funding deals of worth $25.7 billion were announced in China during the first three quarters (Q1-Q3) 2024, marking a significant year-on-year (YoY) decline of 21.2% in volume and $25.7 billion in value, reveals <a href=\"http:\/\/www.globaldata.com\/\">GlobalData<\/a>, a leading data and analytics company.<\/p>\n<\/div>\n<\/div>\n<div class=\"post_text\">\n<p>An analysis of GlobalData\u2019s\u00a0<a href=\"https:\/\/www.globaldata.com\/marketplace\/dataset\/globaldata-deals\/\">Deals Database<\/a>\u00a0revealed that China saw the announcement of 2,480 VC deals of worth $31.9 billion during Q1-Q3 of 2023.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-117460 size-full lazy aligncenter\" src=\"https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/10\/PR19942.png\" sizes=\"auto, (max-width: 1172px) 100vw, 1172px\" srcset=\"https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/10\/PR19942.png 1172w, https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/10\/PR19942-300x161.png 300w, https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/10\/PR19942-1024x549.png 1024w, https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/10\/PR19942-768x412.png 768w, https:\/\/www.globaldata.com\/wp-content\/uploads\/2024\/10\/PR19942-700x375.png 700w\" alt=\"\" width=\"1172\" height=\"628\" \/><\/p>\n<p><strong>Aurojyoti Bose, Lead Analyst at GlobalData, comments:<\/strong> \u201cChina has been experiencing a downturn in VC funding activity for quite some time now. Several factors, including the crackdown on companies, economic challenges, and geopolitical tensions, seem to be at play in making a dent in investor sentiments.\u201d<\/p>\n<p>China also witnessed a fall in the number of big-ticket deals. The number of VC deals valued more than or equal to $100 million fell from 64 during Q1-Q3 2023 to 48 during Q1-Q3 2024.<\/p>\n<p>Nevertheless, despite the subdued activity, China continues to top the Asia-Pacific market and is also a key global VC funding market standing just next to the US in terms of both deal volume and value.<\/p>\n<p>China accounted for 16% share of the total number of VC deals announced globally during Q1-Q3 2024 while its share of corresponding funding value stood at 14%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A total of 1,954 venture capital (VC) funding deals of worth $25.7 billion were announced in China during the first three quarters (Q1-Q3) 2024, marking a significant year-on-year (YoY) decline of 21.2% in volume and $25.7 billion in value, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData\u2019s\u00a0Deals Database\u00a0revealed that China saw [&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-344559","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\/344559","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=344559"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/344559\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=344559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=344559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=344559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}