Startup financing in Greater China fell 23.6% YoY to $46.3 billion in 2025. Yet, there were clear signs of sustained recovery throughout the year. Funding grew steadily in the last three quarters, while annual deal count rose 11.9%, pointing to a return of investor confidence and fresh capital deployment. Meanwhile, IPO activity by Greater China companies also picked up pace.
Read the Greater China Deal Review: Q4 2025 report for:
- Quarterly and annual startup fundraising trends
- Top startup funding deals
- Most favoured industries by investors
- Top investors
- Top IPOs by Greater China firms throughout 2025 and IPO pipeline
- Insights from Greater China-focused private market participants
