TLDR:
China’s VC funding experienced a decline in January 2024 compared to the previous year, with 251 deals totaling $2.6 billion. Despite this, China showed more resilience compared to other global markets like the US, UK, and India. The country accounted for 22% of global VC deals and 18.6% of deal value, highlighting its significance in the VC arena.
Article Summary:
In January 2024, China’s venture capital (VC) market saw a noticeable decline with 251 funding deals amounting to $2.6 billion, representing an 8.4% decrease in deal volume and a 31.4% reduction in deal value year-on-year. This decline, however, was less severe compared to other leading global markets like the US, UK, and India.
China remains a pivotal player in the VC funding landscape, ranking just behind the US in deal volume and value. The country accounted for 22% of global VC deals and 18.6% of disclosed deal value in January 2024. Significant VC funding rounds in China included investments in Qiyuan Core Power Technology, Ji Xing Pharma, and Chunqing Technology.
Despite the decline, Aurojyoti Bose, Lead Analyst at GlobalData, highlighted China’s enduring appeal and position as a key player on the global stage. The country’s ability to attract significant investments showcases confidence in its innovation ecosystem and long-term growth potential.
