{"id":2513,"date":"2023-11-17T07:40:27","date_gmt":"2023-11-17T07:40:27","guid":{"rendered":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/?page_id=2513"},"modified":"2023-11-23T06:42:56","modified_gmt":"2023-11-23T06:42:56","slug":"report-china-oct-2023","status":"publish","type":"page","link":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-china-oct-2023\/","title":{"rendered":"China Deals Barometer Report: Startup fundraising rises to eight-month high of $5.5b in Oct"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2513\" class=\"elementor elementor-2513\" 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: Startup fundraising rises to eight-month high of $5.5b in Oct\n<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8de46ee elementor-widget elementor-widget-image\" data-id=\"8de46ee\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".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\/11\/Deals-Barometer-Featured-Images.png\" class=\"attachment-full size-full wp-image-2515\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/Deals-Barometer-Featured-Images.png 978w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/Deals-Barometer-Featured-Images-300x153.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/Deals-Barometer-Featured-Images-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 href=\"#\">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>November 16, 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;\">Startup financing in Greater China climbed to an eight-month high in October, as 199 privately-owned firms raised nearly $5.5 billion in the month\u2014the second-highest monthly deal value in 2023.<\/span><\/p><p>Even as <span style=\"font-weight: 400;\">the deal count slid by 4.3% month-on-month (MoM), the <\/span><span style=\"font-weight: 400;\">deal value grew 14.1% from September, show proprietary data compiled by DealStreetAsia.<\/span><\/p><p><span style=\"font-weight: 400;\">Dealmaking by startups based in mainland China, Taiwan, Hong Kong, and Macau, showed signs of recovery compared to the same period last year. <\/span><span style=\"font-weight: 400;\">The monthly deal value was 7.2% higher than in October 2022, while the deal count recorded an 11.8% year-on-year (YoY) growth.<\/span><\/p><p><span style=\"font-weight: 400;\">However, monthly fundraising remains far below the levels seen in October 2020 and October 2021 when around $7.1 billion and $6.8 billion were raised respectively by Greater China startups.<\/span><\/p><p><span style=\"font-weight: 400;\">A total of $45.2 billion was invested across 2,122 deals in the first ten months of 2023. The deal value grew only marginally (3.2%) from Jan-Oct 2022<\/span><span style=\"font-weight: 400;\">, but the volume of deals was 15.6% higher.\u00a0<\/span><\/p><p><img decoding=\"async\" class=\"alignnone wp-image-370245 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2023\/11\/MoM-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1436\" \/><\/p><h3>Ten mega deals rake in 70% of the capital<\/h3><p><span style=\"font-weight: 400;\">The biggest venture deal in October was raised by EV maker Leapmotor, which clinched the only billion-dollar investment in the month. <\/span><span style=\"font-weight: 400;\">Global automaker <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/stellantis-set-to-buy-21-stake-in-chinas-leapmotor-for-1-6b-368599\"><span style=\"font-weight: 400;\">Stellantis announced that<\/span><\/a><span style=\"font-weight: 400;\"> it plans to pick up a 21% stake in Leapmotor for $1.6 billion and ramp up its sales in China, the world\u2019s biggest EV market, and in other regions including Europe.<\/span><\/p><p><span style=\"font-weight: 400;\">Including Leapmotor\u2019s billion-dollar deal, the month saw the completion of ten mega deals\u2014investments worth at least $100 million\u2014which cumulatively raised around $3.8 billion, or almost 70% of the month\u2019s total fundraising.\u00a0<\/span>In comparison, there were four mega deals in September that raised a combined $3.2 billion.<\/p><h3 style=\"text-align: center;\">Mega deals in Greater China (Oct 2023)<\/h3><p class=\"my-2\" style=\"text-align: center;\">\n<table id=\"tablepress-92\" class=\"tablepress tablepress-id-92\">\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\">Unspecified size<\/th><th class=\"column-5\">Investment stage<\/th><th class=\"column-6\">Lead investor(s)<\/th><th class=\"column-7\">Other investor(s)<\/th><th class=\"column-8\">Industry\/Sector<\/th><th class=\"column-9\">Vertical<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">Leapmotor Technology<\/td><td class=\"column-2\">Hangzhou<\/td><td class=\"column-3\">1590<\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\">Stellantis<\/td><td class=\"column-7\"><\/td><td class=\"column-8\">Automobiles &amp; Parts<\/td><td class=\"column-9\">Electric\/Hybrid Vehicles<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Chongqing Ant Consumer Finance        <\/td><td class=\"column-2\">Chongqing<\/td><td class=\"column-3\">616<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">Registered Capital Raise<\/td><td class=\"column-6\"><\/td><td class=\"column-7\">Ant Group, Sunny Optical Technology Group, Transfar Zhilian, Guangzhou Boguan Telecommunication Technology (affiliated with NetEast Inc.), and others<\/td><td class=\"column-8\">Financial Services<\/td><td class=\"column-9\">Fintech Lending<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">Zhipu Huazhang Technology<\/td><td class=\"column-2\">Beijing<\/td><td class=\"column-3\">341.82<\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td><td class=\"column-7\">Social Security Fund Zhongguancun Independent Innovation Special Fund (managed by Legend Capital), Meituan, Ant Group, Alibaba Group,Tencent Holdings, and others<\/td><td class=\"column-8\">Software<\/td><td class=\"column-9\">AI and Machine Learning<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">Baichuan Intelligent Technology <\/td><td class=\"column-2\">Beijing<\/td><td class=\"column-3\">300<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">A1<\/td><td class=\"column-6\"><\/td><td class=\"column-7\">Legend Star (affiliated with Legend Holdings), Alibaba Group, Tencent Holdings, Xiaomi Corp<\/td><td class=\"column-8\">Business Support Services<\/td><td class=\"column-9\">AI and Machine Learning<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">Wenfeng New Materials<\/td><td class=\"column-2\">Tangshan <\/td><td class=\"column-3\">266.9<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">Equity Financing<\/td><td class=\"column-6\">United Company Rusal<\/td><td class=\"column-7\"><\/td><td class=\"column-8\">Materials<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">Kongjian Zhihui Decoration<\/td><td class=\"column-2\">Beijing<\/td><td class=\"column-3\">212.1<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">M&amp;A<\/td><td class=\"column-6\">Beike Meijia (affiliated with KE Holdings)<\/td><td class=\"column-7\"><\/td><td class=\"column-8\">Consumer Services<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">DiDi Autonomous Driving <\/td><td class=\"column-2\">Beijing<\/td><td class=\"column-3\">149<\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\">GAC Capital (affiliated with GAC Group), Guangzhou Development District Investment Group<\/td><td class=\"column-7\"><\/td><td class=\"column-8\">Transportation Services<\/td><td class=\"column-9\">Autonomous Driving<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">Chengshi\/Allcheer Intelligent Automobile<\/td><td class=\"column-2\">Jinan<\/td><td class=\"column-3\">136.6<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">B <\/td><td class=\"column-6\">Hidden Hill Capital (affiliated with GLP)<\/td><td class=\"column-7\">Gravity Investment, Ganfeng Lithium, Zhongxiangjusheng<\/td><td class=\"column-8\">Automobiles &amp; Parts<\/td><td class=\"column-9\">Electric\/Hybrid Vehicles<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">Nullmax<\/td><td class=\"column-2\">Shanghai<\/td><td class=\"column-3\">106.8<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">B <\/td><td class=\"column-6\">Shanghai Stonehill Technology<\/td><td class=\"column-7\">Stonehill Technology Limited<\/td><td class=\"column-8\">Software<\/td><td class=\"column-9\">Autonomous Driving<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">Pony.ai <\/td><td class=\"column-2\">Beijing<\/td><td class=\"column-3\">100<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">Strategic Investment <\/td><td class=\"column-6\">NEOM Investment Fund (NIF)<\/td><td class=\"column-7\"><\/td><td class=\"column-8\">Automobiles &amp; Parts<\/td><td class=\"column-9\">Autonomous Driving<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-92 from cache --><\/p><p><span style=\"font-weight: 400;\">Two mega deals were from the artificial intelligence (AI) sector, as investors pumped in money to fan the next wave of AI innovations. That includes <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/ai-firm-zhipu-funding-367880\"><span style=\"font-weight: 400;\">Beijing Zhipu Huazhang Technology<\/span><\/a><span style=\"font-weight: 400;\">\u2019s 2.5 billion yuan ($341.82 million) fundraising and <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/baichuan-series-a1-unicorn-367332\"><span style=\"font-weight: 400;\">Baichuan Intelligent Technology<\/span><\/a><span style=\"font-weight: 400;\">\u2019s $300 million Series A1 funding round.<\/span><\/p><p><span style=\"font-weight: 400;\">Chinese tech giants are splurging on the up-and-rising companies in AI. A case in point is the participation of <\/span><span style=\"font-weight: 400;\">Alibaba Group, Tencent Holdings, and Xiaomi Corp in the fundraising of <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/ai-firm-zhipu-funding-367880\"><span style=\"font-weight: 400;\">Beijing Zhipu Huazhang Technology<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/baichuan-series-a1-unicorn-367332\"><span style=\"font-weight: 400;\">Baichuan Intelligent Technology<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">In another mega deal, Chinese property platform <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/ke-holdings-kongjian-zhihui-366972\"><span style=\"font-weight: 400;\">KE Holdings<\/span><\/a><span style=\"font-weight: 400;\"> acquired a 98% equity share in the home renovation service provider Kongjian Zhihui for a total cash consideration of up to 1.55 billion yuan ($212.1 million).\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Also, <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/chengshi-series-b-round-369243\"><span style=\"font-weight: 400;\">Chengshi<\/span><\/a><span style=\"font-weight: 400;\">, which designs and manufactures electric vans and trucks catering to last-mile delivery in China, has secured 1 billion yuan ($136.6 million) in a Series B funding round led by Hidden Hill Capital, the private equity arm of global logistics giant GLP.\u00a0<\/span><\/p><p><img decoding=\"async\" class=\"alignnone size-full wp-image-370246\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2023\/11\/Megadeal.png\" alt=\"\" width=\"2924\" height=\"1616\" \/><\/p><p><span style=\"font-weight: 400;\">Companies in their Series A and earlier stages sealed 94 deals, or 47.2% of the month\u2019s deal count, while the $712.4 million capital raised at this funding stage accounted for 13% of the deal value.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Early-stage deals dominated the deal volume amid investors\u2019 hesitancy in splurging into growth- and late-stage startups, as economic headwinds weigh on the country\u2019s stock markets. Dealmaking was stagnant in funding stages closer to public listings, the month saw only one deal in the Series F funding stage.\u00a0<\/span><\/p><h3>Self-driving startups garner investor interest<\/h3><p><span style=\"font-weight: 400;\">China\u2019s self-driving startups were on a fundraising streak in October. There were three megadeals sealed including by <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/didi-funding-366925\"><span style=\"font-weight: 400;\">DiDi Autonomous Driving<\/span><\/a><span style=\"font-weight: 400;\">, the self-driving technology arm of DiDi Global, which plans to raise up to $149 million from state-affiliated investors including GAC Capital, the wholly-owned subsidiary of automaker GAC Group; and Guangzhou Development District Investment Group.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Self-driving solutions provider <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/nullmax-funding-366921\"><span style=\"font-weight: 400;\">Nullmax<\/span><\/a><span style=\"font-weight: 400;\">, too, raised 780 million yuan (106.8 million) in a Series B funding round led by Shenzhen-listed internet information service provider Shanghai Stonehill Technology.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">While state-affiliated investors and automakers have been the major driving forces in advancing self-driving, the month also saw Saudi Arabia&#8217;s NEOM inject $100 million into autonomous driving firm <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/pony-ai-neom-368419\"><span style=\"font-weight: 400;\">Pony.ai<\/span><\/a><span style=\"font-weight: 400;\"> via its strategic investment arm NEOM Investment Fund (NIF) in a bid to deliver autonomous driving services in the Middle East and North Africa (MENA).<\/span><\/p><p><span style=\"font-weight: 400;\">The news signifies the growing interest among Chinese electric vehicle players charting plans in the MENA region, which has emerged as a favourable business location amid rising geopolitical tension between China and the US.\u00a0<\/span><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-370247\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2023\/11\/By-Industry-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1569\" \/><\/p><p><span style=\"font-weight: 400;\">Semiconductors remained the most invested industry by deal count, while auto &amp; parts was the most-invested industry by deal value, largely contributed by the two megadeals\u2014Chengshi and Leapmotor.<\/span><\/p><p><span style=\"font-weight: 400;\">The chip-making industry clinched 30 deals despite raising only $436 million, while the automotive sector raised a total of $1.9 billion despite sealing 13 deals.\u00a0\u00a0<\/span><\/p><h3>Legend Holdings and affiliates top investor list<\/h3><p><span style=\"font-weight: 400;\">Chinese conglomerate Legend Holdings was the most active investor of the month both in terms of deal count and value. The group pumped around $785.3 million across seven startups through its subsidiaries. <\/span><\/p><p><span style=\"font-weight: 400;\">The group&#8217;s affiliates include\u00a0<\/span><span style=\"font-weight: 400;\">Lenovo Capital and Incubator Group, which focuses more on startup incubation; Legend Star, the early investment and incubation arm of Legend Holdings; and Legend Capital, an affiliate that specialises in early- and growth-stage PE-VC deals.\u00a0<\/span><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p><h3 style=\"text-align: center;\">Top investors of October 2023<\/h3>\n<table id=\"tablepress-93\" class=\"tablepress tablepress-id-93\">\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\">Legend Holdings and its affiliates<\/td><td class=\"column-2\">7<\/td><td class=\"column-3\">785.32<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">6<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Xiaomi Corp<\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">644.82<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">4<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">SAIC Motor Corp and its affiliates<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">97.3<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">4<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">Addor Capital<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">1.5<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">4<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">Oriza Holdings and affiliates<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">157.2<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">Xiamen C&amp;D Emerging Industry Equity Investment<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">43.5<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">Orient Jiafu Asset Management<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">70<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">China Reform Holdings Corporation<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">97.4<\/td><td class=\"column-4\">3<\/td><td class=\"column-5\">0<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">SDIC Venture Capital and its affiliates<\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">14.5<\/td><td class=\"column-4\">4<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">Western Capital Management<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">0<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n\t<td class=\"column-1\">Fortune Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">98.8<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-13 odd\">\n\t<td class=\"column-1\">CoStone Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">83<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-14 even\">\n\t<td class=\"column-1\">Shunwei Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">357.82<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n\t<td class=\"column-1\">Z&amp;Y Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">96.8<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n\t<td class=\"column-1\">CICC Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">29<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-17 odd\">\n\t<td class=\"column-1\">Kunlun Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">18.7<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-18 even\">\n\t<td class=\"column-1\">Tencent Holdings<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">669.12<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-19 odd\">\n\t<td class=\"column-1\">Hillhouse Capital Group and its affiliates<\/td><td class=\"column-2\">2<\/td><td class=\"column-3\">341.82<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-93 from cache --><p><i>Note: In our monthly analysis for October 2023, 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.<\/i><\/p><p><i>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.<\/i><\/p><p><i>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.<\/i><\/p><p><i>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.<\/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 class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-b9cb67a\" data-id=\"b9cb67a\" 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-4217b58 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"4217b58\" 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-25 elementor-inner-column elementor-element elementor-element-084a1df\" data-id=\"084a1df\" 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-25 elementor-inner-column elementor-element 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\/legend-capital\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"> Legend 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\/legend-holdings\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Legend Holdings<\/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<span class=\"elementor-icon-list-text\">Legend Star<\/span>\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\/lenovo-capital-and-incubator-group\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Lenovo Capital and Incubator Group<\/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<\/ul>\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 class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-52e5118\" data-id=\"52e5118\" 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-0d024c2 elementor-widget elementor-widget-html\" data-id=\"0d024c2\" 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 new 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 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<\/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-25 elementor-inner-column elementor-element elementor-element-35c6a5f\" data-id=\"35c6a5f\" 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\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-top-section elementor-element elementor-element-01e45f9 elementor-section-full_width dealPartner-Section elementor-section-height-default elementor-section-height-default\" data-id=\"01e45f9\" 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 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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-oct-2023\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"978\" height=\"499\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/DB-Oct23-SEA.png\" class=\"attachment-full size-full wp-image-2502\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/DB-Oct23-SEA.png 978w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/DB-Oct23-SEA-300x153.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/DB-Oct23-SEA-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-se-asia-oct-2023\/\">SE Asia Deals Barometer Report: Startup fundraising plunges 40% MoM to $663m in Oct Edit <\/a><\/h3><p class=\"elementor-image-box-description\">Startups in Southeast Asia continued to stare at a challenging fundraising environment in October as macroeconomic headwinds prompted investors to pull their purse strings and go slow on fresh investments.\n\n<\/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-oct-2023\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"978\" height=\"499\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/DB-Oct23-India.png\" class=\"attachment-full size-full wp-image-2506\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/DB-Oct23-India.png 978w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/DB-Oct23-India-300x153.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2023\/11\/DB-Oct23-India-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-oct-2023\/\">India Deals Barometer Report: Startup funding climbs for second straight month to touch $1.4b in Oct<\/a><\/h3><p class=\"elementor-image-box-description\">Fundraising by Indian startups rose about 15% month-on-month to touch $1.38 billion in October, showing signs of recovery after the record lows of August.\n\n<\/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: Startup fundraising rises to eight-month high of $5.5b in Oct By Stephanie Li November 16, 2023 Startup financing in Greater China climbed to an eight-month high in October, as 199 privately-owned firms raised nearly $5.5 billion in the month\u2014the second-highest monthly deal value in 2023. Even as the deal count slid [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2515,"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-2513","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\/2513","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/comments?post=2513"}],"version-history":[{"count":38,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/2513\/revisions"}],"predecessor-version":[{"id":2616,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/2513\/revisions\/2616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media\/2515"}],"wp:attachment":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media?parent=2513"}],"wp:term":[{"taxonomy":"deals-type","embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/deals-type?post=2513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}