The Strategist

Venture capital investments in China lose over 30%



09/19/2023 - 03:33



In the first half of this year, venture capital investment firms in China closed 3072 agreements worth $26.7 billion, according to research firm PitchBook, which was quoted by CNBC.



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This is a reduction of 31.4% from the same time previous year. Analysts predict that if these trends persist until the end of the year, venture capital investment in China might reach a record low not seen since 2016.

According to experts, the major causes of this predicament are China's economic downturn and a drop in foreign investment during tense times with the US and Europe.

Some American investors shunned China for a variety of reasons, including the country's slowing economy and pressure from Chinese officials on the technology sector, PitchBook researchers note.

source: cnbc.com




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