{"id":1888,"date":"2023-01-17T07:14:04","date_gmt":"2023-01-17T07:14:04","guid":{"rendered":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/?page_id=1888"},"modified":"2023-02-10T17:19:19","modified_gmt":"2023-02-10T17:19:19","slug":"report-china-dec-2022","status":"publish","type":"page","link":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-china-dec-2022\/","title":{"rendered":"China Deals Barometer Report: At $5.5b, startup fundraising strikes 4-month high in Dec"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1888\" class=\"elementor elementor-1888\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-335ebad elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"335ebad\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ea7c338\" data-id=\"ea7c338\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1364919 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"1364919\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-inner-column elementor-element elementor-element-13b7cfd\" data-id=\"13b7cfd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea5f09d elementor-widget elementor-widget-heading\" data-id=\"ea5f09d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">China Deals Barometer Report: At $5.5b, startup fundraising strikes 4-month high in Dec\n<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8de46ee elementor-widget elementor-widget-image\" data-id=\"8de46ee\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"978\" height=\"499\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/45-1.png\" class=\"attachment-full size-full wp-image-1904\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/45-1.png 978w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/45-1-300x153.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/45-1-768x392.png 768w\" sizes=\"(max-width: 978px) 100vw, 978px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-7d12ea3\" data-id=\"7d12ea3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4917e57 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"4917e57\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-9dcc1b5 h-100\" data-id=\"9dcc1b5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ee0a9a7 elementor-widget elementor-widget-text-editor\" data-id=\"ee0a9a7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>By <a class=\"Story_author__mE5dK\" href=\"https:\/\/www.dealstreetasia.com\/author\/stephanie-li\/\">Stephanie Li<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b73541 elementor-widget elementor-widget-text-editor\" data-id=\"7b73541\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>January 11, 2023<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-158dfd0 elementor-widget elementor-widget-html\" data-id=\"158dfd0\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"card-footer bg-white div-social-icons d-print-none\">\r\n    <ul class=\"nav\">\r\n        <li>\r\n            <a class=\"nav-link\" href=\"#\" target=\"_blank\"><i class=\"fa fa-facebook-f\"><\/i><\/a>\r\n        <\/li>\r\n        <li>\r\n            <a class=\"nav-link\" href=\"#\" target=\"_blank\"><i class=\"fa fa-twitter\"><\/i><\/a>\r\n        <\/li>\r\n\r\n        <li>\r\n            <a class=\"nav-link\" href=\"#\"><i class=\"fa fa-envelope\"><\/i><\/a>\r\n        <\/li>\r\n        <li>\r\n            <div class=\"dropdown-social\">\r\n                <a class=\"nav-link dropdown-toggle\" type=\"button\" id=\"dropdownMenuButton1\" data-bs-toggle=\"dropdown\" aria-expanded=\"false\"><i class=\"fa fa-share-alt\"><\/i><\/a>\r\n                <div class=\"dropdown-menu dropdown-menu-right\" aria-labelledby=\"dropdownMenuButton1\">\r\n                    <a href=\"#\" target=\"_blank\"><i class=\"fa fa-reddit-alien fa-2x\"><\/i><\/a>\r\n                    <a href=\"#\" target=\"_blank\"><i class=\"fa fa-linkedin fa-2x\"><\/i><\/a>\r\n                    <a href=\"#\" target=\"_blank\" data-action=\"\/share\/whatsapp\/share\"><i class=\"fa fa-whatsapp fa-2x\"><\/i><\/a>\r\n                <\/div>\r\n            <\/div>\r\n        <\/li>\r\n\r\n    <\/ul>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-4a06ee4 less-content\" data-id=\"4a06ee4\" data-element_type=\"column\" id=\"showContent\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e65b0f7 elementor-widget elementor-widget-text-editor\" data-id=\"e65b0f7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Dealmaking continued to warm up in December, as the Greater China market completed a total of 234 investments, up 6.4% from November.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Deal count in December 2022 showed a significant jump compared to the corresponding month of 2021, which recorded 185 transactions, according to proprietary data compiled by DealStreetAsia.<\/span><\/p><p><span style=\"font-weight: 400;\">With almost $5.5 billion raised, December&#8217;s deal value hit a four-month high, recording a <\/span><span style=\"font-weight: 400;\">41% growth over the previous month. However, it was nearly 40.3% lower when compared to December 2021.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">In total, 2022 saw startups conclude a total of 2,290 deals, up 21% from 2021. But the total capital raise of $53.2 billion was 39.2% less than the $87.4 billion recorded in 2021.\u00a0<\/span><\/p><p>Investors expect PE-VC deal activity to pick up in 2023 after China dismantled its stringent zero-COVID policy on December 7.<\/p><p><img decoding=\"async\" class=\"aligncenter wp-image-324429 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2023\/01\/Chinas-deal-value-vol.-e1673316090853.jpg\" alt=\"\" width=\"1671\" height=\"893\" \/><\/p><h3><strong>Megadeals as the major contributor to funding\u00a0<\/strong><\/h3><p><span style=\"font-weight: 400;\">Megadeals, referred to as investments worth at least $100 million, were one of the major contributors to the December deal value. The month logged a total of nine megadeals raising nearly $3.2 billion, accounting for 58% of the total financing.<\/span><\/p><p><span style=\"font-weight: 400;\">In spite of the 10 megadeals in November, the total mega deal value in December surged 43.3% over the $2.2 billion clocked in the previous month. <a href=\"https:\/\/www.dealstreetasia.com\/stories\/china-sfcc-hits-1-9b-value-320723\">State Fuel Cell Technology Corporation (SFCC)<\/a>, a Chinese developer of hydrogen fuel cell vehicles, topped the list raising 4.5 billion yuan ($647.6 million) in a Series B round.<strong><em>\u00a0<\/em><\/strong><\/span><\/p><p><span style=\"font-weight: 400;\">There were eight other deals in the range of $100-500 million that collectively gathered over $2.5 billion, up 66.7% from $1.5 billion one month earlier. <a href=\"https:\/\/www.dealstreetasia.com\/stories\/eswin-bags-576m-320703\" target=\"_blank\" rel=\"noopener\">Xi\u2019an ESWIN Material Technology<\/a>, the integrated circuit (IC) and solutions unit of Beijing ESWIN Technology Group, secured the second-largest deal in December. The firm raised 4 billion yuan ($575.7 million) in its Series C round led by CNBM New Materials Fund, making it the largest-ever venture round raised by a semiconductor firm in China.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The third-largest deal was made into <a href=\"https:\/\/www.dealstreetasia.com\/stories\/chint-group-hillhouse-323351\" target=\"_blank\" rel=\"noopener\">Chint Group<\/a>&#8216;s affiliate Zhejiang Chint Anneng Power System Engineering Co Ltd, a digital energy firm providing rooftop photovoltaic (PV) systems for households in rural China. The firm gathered nearly 4 billion yuan ($574.8 million) across two funding rounds. Parent firm Chint Group is a Chinese conglomerate with businesses across new energy and electrical equipment in over 140 countries and regions worldwide.<\/span><\/p><p><img decoding=\"async\" class=\"alignnone size-full wp-image-324551\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2023\/01\/Screen-Shot-2023-01-10-at-09.58.19-e1673315987648.png\" alt=\"\" width=\"1359\" height=\"730\" \/><\/p><p><span style=\"font-weight: 400;\">As investments continue to flow into sectors including new energy vehicles (NEVs), semiconductors, and renewable energy, Aerospace Times Feihong Technology Co (ATFTC) emerged as the only electronic warfare drone maker on the list. ATFTC, a subsidiary of the state-owned China Aerospace Science and Technology Corp, secured 3.8 billion yuan ($552.1 million) from a slew of investors such as Guokai Manufacturing Transformation and Upgrading Fund, CITIC Securities, and Yuexiu Industrial Fund.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The Series B stage accounted for the lion&#8217;s share of deal value in the month with startups garnering $2.2 billion in total, or 39.8% of the overall financing in December.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Series A and earlier funding stages led in terms of deal count. At 111, early-stage deals accounted for\u00a0 47.4% of the total deal count. <\/span><span style=\"font-weight: 400;\">As the largest Series A fundraiser, Sany Heavy Truck, a truck manufacturer affiliated with China\u2019s <a href=\"https:\/\/www.dealstreetasia.com\/stories\/chinas-sany-heavy-truck-closes-145m-series-a-323406\" target=\"_blank\" rel=\"noopener\">Sany Heavy Industry<\/a>, raised almost 1 billion yuan ($145 million) to invest in the R&amp;D of its new-energy heavy-duty trucks.<\/span><\/p><p><span style=\"font-weight: 400;\">Only three pre-IPO transactions took place in December amid the stock market volatility.<\/span><\/p><p style=\"text-align: center;\"><strong>List of megadeals (Dec 2022)<\/strong><\/p>\n<table id=\"tablepress-61\" class=\"tablepress tablepress-id-61\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Startup<\/th><th class=\"column-2\">Headquarters<\/th><th class=\"column-3\">Investment size (Million USD)<\/th><th class=\"column-4\">Investment stage<\/th><th class=\"column-5\">Lead investor(s)<\/th><th class=\"column-6\">Other investor(s)<\/th><th class=\"column-7\">Industry\/Sector<\/th><th class=\"column-8\">Vertical<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">State Fuel Cell Technology Corporation (SFCC)<\/td><td class=\"column-2\">Shenzhen<\/td><td class=\"column-3\">647.6<\/td><td class=\"column-4\">B<\/td><td class=\"column-5\"><\/td><td class=\"column-6\">State Power Investment Corporation Limited (SPIC), China State-Owned Enterprises Mixed Ownership Reform Fund, Sichuan Provincial Investment Group, National Green Development Fund, Guokai Manufacturing Transformation and Upgrading Fund<\/td><td class=\"column-7\">Automobiles &amp; Parts<\/td><td class=\"column-8\">Electric\/Hybrid Vehicles<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Eswin Material Technology<\/td><td class=\"column-2\">Xi&#8217;an<\/td><td class=\"column-3\">575.7<\/td><td class=\"column-4\">C<\/td><td class=\"column-5\">CNBM New Materials Fund (affiliated with China National Building Material)<\/td><td class=\"column-6\">Source Code Capital, Yufu Holding Group, Financial Street Capital Operation Group, Chang An Hui Tong, Shang Qi Capital (affiliated with SAIC Group), SDIC Venture Capital, Hudson Capital, Guangtou Capital Management Group, Shanghai Mixed Ownership Reform Fund (\u4e0a\u6d77\u7efc\u6539\u57fa\u91d1), China Life Private Equity Investment, China Zongji Investment, Puyao Capital (\u666e\u8000\u8d44\u672c)<\/td><td class=\"column-7\">Semiconductor<\/td><td class=\"column-8\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">Chint Anneng Power System Engineering<\/td><td class=\"column-2\">Hangzhou<\/td><td class=\"column-3\">574.8<\/td><td class=\"column-4\">B, B+<\/td><td class=\"column-5\">B: Cloudview Capital<\/td><td class=\"column-6\">National Green Development Fund (NGDF), China-Russia Energy Fund, Hangzhou Industrial Investment Group (HIIG), China Southern Power Grid Company Limited<\/td><td class=\"column-7\">Renewable Energy<\/td><td class=\"column-8\">CleanTech<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">Aerospace Times Feihong Technology<\/td><td class=\"column-2\">Beijing<\/td><td class=\"column-3\">552.1<\/td><td class=\"column-4\">Equity Financing<\/td><td class=\"column-5\"><\/td><td class=\"column-6\">Guokai Manufacturing Transformation and Upgrading Fund (\u56fd\u5f00\u5236\u9020\u4e1a\u8f6c\u578b\u5347\u7ea7\u57fa\u91d1), CITIC Securities, Jinshi Feihong Equity Investment (\u91d1\u77f3\u98de\u9e3f(\u5609\u5174)\u80a1\u6743\u6295\u8d44\u5408\u4f19\u4f01\u4e1a), SAIC Motor Corp-Goldstone Investment (\u65e0\u9521\u4e0a\u6c7d\u91d1\u77f3\u521b\u65b0\u4ea7\u4e1a\u57fa\u91d1), Gongrong Jintou (affiliated with ICBC Financial Asset Investment) (\u5de5\u878d\u91d1\u6295\uff08\u5317\u4eac\uff09\u65b0\u5174\u4ea7\u4e1a\u80a1\u6743\u6295\u8d44\u57fa\u91d1), Xingejuju Haihe Binhai Equity Investment Fund (affiliated with China Poly Group) (\u65b0\u683c\u5c40\u6d77\u6cb3\u6ee8\u6d77\u80a1\u6743\u6295\u8d44\u57fa\u91d1), AECC Investment Management, Yuexiu Industrial Fund<\/td><td class=\"column-7\">Defense<\/td><td class=\"column-8\">Robotics &amp; Drones<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">Chint Solar\/Astronergy<\/td><td class=\"column-2\">Haining<\/td><td class=\"column-3\">216.3<\/td><td class=\"column-4\">B<\/td><td class=\"column-5\">Cloudview Capital<\/td><td class=\"column-6\">Hillhouse Capital Group, CICC Capital, Ori-mind Capital, Haining Jianshan Xinqu Guozi (\u6d77\u5b81\u5c16\u5c71\u65b0\u533a\u56fd\u8d44), Yue Qing State Investment (\u6e29\u5dde\u4e50\u6e05\u56fd\u8d44)<\/td><td class=\"column-7\">Energy Storage &amp; Batteries<\/td><td class=\"column-8\">CleanTech<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">Moore Threads<\/td><td class=\"column-2\">Beijing<\/td><td class=\"column-3\">215.2<\/td><td class=\"column-4\">B<\/td><td class=\"column-5\">China Mobile Digital New Economy Industry Fund (affiliated with China Mobile), Hexie Health Insurance <\/td><td class=\"column-6\">Dianshi Capital<\/td><td class=\"column-7\">Semiconductor<\/td><td class=\"column-8\">AI and Machine Learning<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">Sinopont <\/td><td class=\"column-2\">Hangzhou<\/td><td class=\"column-3\">145<\/td><td class=\"column-4\">D<\/td><td class=\"column-5\"><\/td><td class=\"column-6\">Guodiao Zhanxin Fund (affiliated with China Chengtong Holding Group), GGV Capital, Source Code Capital, CICC Capital, CITIC Goldstone Fund Management, SPIC Industrial Fund Management [affiliated with State Power Investment Corporation Limited (SPIC)]<\/td><td class=\"column-7\">Materials<\/td><td class=\"column-8\">CleanTech<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">Sany Heavy Truck <\/td><td class=\"column-2\">Changsha<\/td><td class=\"column-3\">145<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">Hidden Hill Capital, China Merchants Capital, CMG-SDIC Capital (affiliated with China Merchants Capital, SDIC Fund Management)<\/td><td class=\"column-6\">Rosefinch Investment, Huaxu Fund<\/td><td class=\"column-7\">Automobiles &amp; Parts<\/td><td class=\"column-8\">Electric\/Hybrid Vehicles<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">Qitan Tech<\/td><td class=\"column-2\">Chengdu<\/td><td class=\"column-3\">100.1<\/td><td class=\"column-4\">C<\/td><td class=\"column-5\">Meituan <\/td><td class=\"column-6\">BioTrack Capital, Huagai Capital<\/td><td class=\"column-7\">Biotech<\/td><td class=\"column-8\">Biotech<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong>Semiconductor remains an investor favourite<\/strong><\/h3><p><span style=\"font-weight: 400;\">Semiconductor firms collectively raised nearly $1.2 billion in December, up 219.3% from $369 million in the previous month; while the 42 deal count signified a major month-over-month (MoM) growth of 68%.<\/span><\/p><p><span style=\"font-weight: 400;\">China remains the world\u2019s largest semiconductor market, as monthly sales of chips in the country stood at $13.4 billion in November 2022, or 29.4% of the global sales, according to the World Semiconductor Trade Statistics (WSTS) The US was the second largest market, with a monthly sales of $12.1 billion, or 26.7% of the global sales.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Moore Threads, a Chinese semiconductor player that develops graphics processing units (GPUs), raised 1.5 billion yuan ($215.2 million) in a Series B round led by China Mobile Digital New Economy Industry Fund and China&#8217;s domestic insurer Hexie Health Insurance, making it one of the megadeals of the month.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The medical devices industry logged a total of 28 deals but it only raised a combined $482.9 million.\u00a0<\/span><\/p><p>\u00a0<\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-324554 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2023\/01\/Screenshot-2023-01-10-101141.jpg\" alt=\"\" width=\"1566\" height=\"904\" \/><\/p><h3><strong>State-linked investors top list\u00a0<\/strong><\/h3><p><span style=\"font-weight: 400;\">CICC Capital, the global private equity (PE) platform of China International Capital Corporation Limited (CICC), and its affiliates emerged as the top investor in December, landing a total of eight deals worth $536.5 million.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">In spite of investing in only six companies, China&#8217;s state-owned carmaker SAIC Motor and its affiliates continued to back a slew of hard tech and deep tech sectors. The Shanghai-based automotive group, which primarily invests through three affiliated investment companies, namely SAIC Capital, Hengxu Capital, and Shang Qi Capital, collectively invested about $1.2 billion in December.<\/span><\/p><p><span style=\"font-weight: 400;\">State Development &amp; Investment Corporation (SDIC), one of China&#8217;s largest state-owned investment holding companies, notched the third spot as it invested in six venture deals worth $857.5 million.<\/span><\/p><p style=\"font-weight: 400; text-align: center;\"><strong>Top investors (Dec 2022)<\/strong><\/p><p><span style=\"font-weight: 400;\">\u00a0\n<table id=\"tablepress-62\" class=\"tablepress tablepress-id-62\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Investment company<\/th><th class=\"column-2\">No. of deals<\/th><th class=\"column-3\">Total value of participated deals (Million USD)<\/th><th class=\"column-4\">Lead<\/th><th class=\"column-5\">Non-lead<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">CICC Capital and affiliates<\/td><td class=\"column-2\">8<\/td><td class=\"column-3\">536.5<\/td><td class=\"column-4\">3<\/td><td class=\"column-5\">5<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">SAIC Motor and affiliates<\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">1156.8<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">4<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">State Development &amp; Investment Corporation (SDIC)<\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">857.5<\/td><td class=\"column-4\">5<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">Addor Capital<\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">46.5<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">4<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">Sequoia Capital China<\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">140<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">5<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">Jinding Capital <\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">20.5<\/td><td class=\"column-4\">4<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">Source Code Capital<\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">751.2<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">4<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">Leaguer Capital <\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">40.5<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">5<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">Green Pine Capital Partners<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">101.1<\/td><td class=\"column-4\">3<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">Meridian Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">36.3<\/td><td class=\"column-4\">3<\/td><td class=\"column-5\">0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/span><\/p><p><i><span style=\"font-weight: 400;\">Note: In our monthly analysis for December 2022, we have put together detailed charts of prominent deals, active investors, deal stages, and the most attractive sectors that have bagged the maximum venture dollars in the Greater China region.<\/span><\/i><\/p><p><i><span style=\"font-weight: 400;\">Our database only considers deals officially announced by the related investee, investor(s), and\/or financial advisor, while information based on market rumours and news reports citing sources is excluded.<\/span><\/i><\/p><p><i><span style=\"font-weight: 400;\">For a more detailed analysis, and to enable comparison between primary and secondary markets, DealStreetAsia has started tracking deals of all sizes since April 2020, as against considering only transactions worth more than $10 million earlier.<\/span><\/i><\/p><p><i><span style=\"font-weight: 400;\">We have also introduced a standardised system for industry classification. It currently includes over 50 industries, as well as over 45 new economy and high-tech verticals, which will progressively increase to adapt to local market conditions in our closely watched regions of Greater China, Southeast Asia, and India.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ceba02c elementor-align-center viewReport elementor-widget elementor-widget-button\" data-id=\"ceba02c\" data-element_type=\"widget\" id=\"viewReportChina\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-size-sm\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">View Report<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div 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elementor-element-7734347\" data-id=\"7734347\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b47a5c elementor-icon-list--layout-inline elementor-align-left list-box elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"9b47a5c\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.dealstreetasia.com\/tag\/cicc-capital\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">CICC Capital<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.dealstreetasia.com\/tag\/hengxu-capital\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Hengxu Capital<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.dealstreetasia.com\/tag\/saic-capital\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">SAIC Capital<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.dealstreetasia.com\/tag\/saic-motor\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">saic 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data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0e0978e\" data-id=\"0e0978e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e642770 elementor-section-full_width elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-section-height-default elementor-section-height-default\" data-id=\"e642770\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-8e87de3\" data-id=\"8e87de3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd8be33 cover-fit-img elementor-widget elementor-widget-image\" data-id=\"cd8be33\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.dealstreetasia.com\/partner-content\/virtual-dealmaking-dfin-peter-mcmillan\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"587\" height=\"444\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2021\/10\/artical-img1.jpg\" class=\"attachment-full size-full wp-image-73\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2021\/10\/artical-img1.jpg 587w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2021\/10\/artical-img1-300x227.jpg 300w\" sizes=\"(max-width: 587px) 100vw, 587px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-inner-column elementor-element elementor-element-1d2c537\" data-id=\"1d2c537\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-007b2a6 elementor-widget elementor-widget-heading\" data-id=\"007b2a6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">\u2018In an era of virtual dealmaking, stakeholders tend to be more transparent\u2019 \u2013 DFIN\u2019s Peter McMillan<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9d6737 elementor-widget elementor-widget-text-editor\" data-id=\"b9d6737\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Over half the deals in the next 3 months will be hosted virtually according to 79% of the respondents in DFIN&#8217;s DealMaker Meter Survey. Peter McMillan, Head of Sales for APAC at DCIN speaks of the advantages of virtual dealmaking as well as the pitfalls to be avoided, in an exclusive interview with DealStreetAsia<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d548f4d elementor-widget elementor-widget-button\" data-id=\"d548f4d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.dealstreetasia.com\/partner-content\/virtual-dealmaking-dfin-peter-mcmillan\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Read Article 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elementor-section-height-default\" data-id=\"8c31d82\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-ca1ef33\" data-id=\"ca1ef33\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-3a97726\" data-id=\"3a97726\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-71063ee top-shadow elementor-widget elementor-widget-image\" data-id=\"71063ee\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.dfinsolutions.com\/products\/venue\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2400\" height=\"1254\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2022\/03\/DFIN-Feb-2022-2.png\" class=\"attachment-full size-full wp-image-1034\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2022\/03\/DFIN-Feb-2022-2.png 2400w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2022\/03\/DFIN-Feb-2022-2-300x157.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2022\/03\/DFIN-Feb-2022-2-1024x535.png 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2022\/03\/DFIN-Feb-2022-2-768x401.png 768w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2022\/03\/DFIN-Feb-2022-2-1536x803.png 1536w, 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class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1dcfbdf elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"1dcfbdf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-47e9f41\" data-id=\"47e9f41\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cb2457b elementor-widget elementor-widget-text-editor\" data-id=\"cb2457b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Venture Capital<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27e63d5 elementor-position-left related-box elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"27e63d5\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image-box .elementor-image-box-content{width:100%}@media (min-width:768px){.elementor-widget-image-box.elementor-position-left .elementor-image-box-wrapper,.elementor-widget-image-box.elementor-position-right .elementor-image-box-wrapper{display:flex}.elementor-widget-image-box.elementor-position-right .elementor-image-box-wrapper{text-align:right;flex-direction:row-reverse}.elementor-widget-image-box.elementor-position-left .elementor-image-box-wrapper{text-align:left;flex-direction:row}.elementor-widget-image-box.elementor-position-top .elementor-image-box-img{margin:auto}.elementor-widget-image-box.elementor-vertical-align-top .elementor-image-box-wrapper{align-items:flex-start}.elementor-widget-image-box.elementor-vertical-align-middle .elementor-image-box-wrapper{align-items:center}.elementor-widget-image-box.elementor-vertical-align-bottom .elementor-image-box-wrapper{align-items:flex-end}}@media (max-width:767px){.elementor-widget-image-box .elementor-image-box-img{margin-left:auto!important;margin-right:auto!important;margin-bottom:15px}}.elementor-widget-image-box .elementor-image-box-img{display:inline-block}.elementor-widget-image-box .elementor-image-box-title a{color:inherit}.elementor-widget-image-box .elementor-image-box-wrapper{text-align:center}.elementor-widget-image-box .elementor-image-box-description{margin:0}<\/style><div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-se-asia-dec-2022\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"978\" height=\"499\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/Deals-Barometer-Hero-Images.jpg\" class=\"attachment-full size-full wp-image-1920\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/Deals-Barometer-Hero-Images.jpg 978w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/Deals-Barometer-Hero-Images-300x153.jpg 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/Deals-Barometer-Hero-Images-768x392.jpg 768w\" sizes=\"(max-width: 978px) 100vw, 978px\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-se-asia-dec-2022\/\">SE Asia Deals Barometer Report: Startup funding rebounds to $1.2b in Dec despite fewer deals<\/a><\/h3><p class=\"elementor-image-box-description\">After falling below the psychologically important $1 billion mark in November...<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-009d583 elementor-position-left related-box elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"009d583\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-india-dec-2022\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"978\" height=\"499\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/46.png\" class=\"attachment-full size-full wp-image-1890\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/46.png 978w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/46-300x153.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/01\/46-768x392.png 768w\" sizes=\"(max-width: 978px) 100vw, 978px\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-india-dec-2022\/\">India Deals Barometer Report: Fundraising by startups slackens to touch $1.25b in Dec<\/a><\/h3><p class=\"elementor-image-box-description\">As Indian startups continue to experience funding winter, capital raised...<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>China Deals Barometer Report: At $5.5b, startup fundraising strikes 4-month high in Dec By Stephanie Li January 11, 2023 Dealmaking continued to warm up in December, as the Greater China market completed a total of 234 investments, up 6.4% from November.\u00a0 Deal count in December 2022 showed a significant jump compared to the corresponding month [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1889,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-parts\/elementor-sidebar-template.php","meta":{"footnotes":""},"deals-type":[],"class_list":["post-1888","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/1888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/comments?post=1888"}],"version-history":[{"count":26,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/1888\/revisions"}],"predecessor-version":[{"id":1974,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/1888\/revisions\/1974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media\/1889"}],"wp:attachment":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media?parent=1888"}],"wp:term":[{"taxonomy":"deals-type","embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/deals-type?post=1888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}