{"id":3755,"date":"2024-04-17T11:05:14","date_gmt":"2024-04-17T11:05:14","guid":{"rendered":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/?page_id=3755"},"modified":"2024-04-23T05:31:59","modified_gmt":"2024-04-23T05:31:59","slug":"report-china-mar-2024","status":"publish","type":"page","link":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-china-mar-2024\/","title":{"rendered":"China Deals Barometer Report: Three billion-dollar deals in March shore up Q1 venture funding"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3755\" class=\"elementor elementor-3755\" 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: Three billion-dollar deals in March shore up Q1 venture funding<br><\/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\/2024\/04\/china-march.png\" class=\"attachment-full size-full wp-image-3732\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/china-march.png 978w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/china-march-300x153.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/china-march-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>April 09, 2024<\/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>March was <span style=\"font-weight: 400;\">a record-breaking month for startup fundraising in Greater China after <\/span>a cautious start to the year <a href=\"https:\/\/www.dealstreetasia.com\/stories\/china-deal-review-jan-2024-383079\">in January<\/a> and muted dealmaking amid the Lunar New Year holidays <a href=\"https:\/\/www.dealstreetasia.com\/stories\/greater-china-deal-review-feb-2024-386876\">in February.<\/a><\/p><p><span style=\"font-weight: 400;\">Last month, 177 privately-held firms headquartered in mainland China, Hong Kong, Macau, and Taiwan raised almost $13.9 billion\u2014the largest monthly deal value since DealStreetAsia started tracking deals in April 2020.<\/span><\/p><p><span style=\"font-weight: 400;\">The monthly deal value skyrocketed 377.3% from the prior month, while the deal count was an 8.6% month-on-month (MoM) increase, according to proprietary data compiled by DealStreetAsia.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">The growth was largely due to three billion-dollar deals that accounted for 78.7% of the month\u2019s total financing. <\/span><\/p><p><span style=\"font-weight: 400;\">The big-ticket deals also gave a head start to fundraising in the first quarter of 2024 as deal value rose 36.6% year-on-year (YoY) in the first three months to $20.1 billion. The <\/span><span style=\"font-weight: 400;\">deal count remained flat in the period.<\/span><\/p><p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/www.dealstreetasia.com\/stories\/rmb-opportunities-china-390340\">retreat of US dollar investors<\/a>, amid high interest rates and macro uncertainties, has created a dynamic shift in the 21-trillion-yuan (around $3 trillion) private fund industry in China that is now witnessing the dominance of RMB-denominated <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/china-private-fund-industry-2023-378852\"><span style=\"font-weight: 400;\">government capital<\/span><\/a><span style=\"font-weight: 400;\"> in tech innovations and startup incubation.\u00a0<\/span><\/p><h3><img decoding=\"async\" class=\"aligncenter wp-image-390867 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2024\/04\/MoM.png\" alt=\"\" width=\"1946\" height=\"1134\" \/><\/h3><h3>Megadeals account for 87.5% of monthly fundraising<\/h3><p><span style=\"font-weight: 400;\">March saw the completion of three deals worth over $500 million. The top fundraiser of the month was Chinese real estate behemoth Dalian Wanda\u2019s shopping mall operation unit, which received <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/wanda-sells-mall-unit-to-pag-389775?utm_source=DealStreetAsia&amp;utm_campaign=e23b6dc3b1-theweekthatwas_31march2024_COPY_01&amp;utm_medium=email&amp;utm_term=0_0fa50e40c1-e23b6dc3b1-246764862&amp;mc_cid=e23b6dc3b1&amp;mc_eid=9cba9fc2bf\"><span style=\"font-weight: 400;\">an investment<\/span><\/a><span style=\"font-weight: 400;\"> of $8.3 billion from a consortium led by private equity firm PAG.<\/span><\/p><p><span style=\"font-weight: 400;\">ChangXin Technology Group, the holding firm of ChangXin Memory Technologies (CXMT), which was in the process of raising almost 10.8 billion yuan ($1.5 billion)\u2014at a pre-money valuation of around <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/cxmt-raising-1-5b-389726\"><span style=\"font-weight: 400;\">140 billion yuan<\/span><\/a><span style=\"font-weight: 400;\"> ($19.4 billion)\u2014was the second largest deal of the month.<\/span><\/p><p><span style=\"font-weight: 400;\">This was followed by premium electric vehicle brand IM Motors\u2019 <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/im-motors-fundraise-386086?utm_source=DealStreetAsia&amp;utm_campaign=9a7d9affc8-EMAIL_CAMPAIGN_2024_03_02_01_02&amp;utm_medium=email&amp;utm_term=0_0fa50e40c1-9a7d9affc8-%5BLIST_EMAIL_ID%5D&amp;mc_cid=9a7d9affc8&amp;mc_eid=9cba9fc2bf\"><span style=\"font-weight: 400;\">8-billion-yuan<\/span><\/a><span style=\"font-weight: 400;\"> ($1.1 billion) Series B round as the firm sketches plans on new smart car models and technologies. The round was one of the largest investments by Chinese EV firms after CYVN Holdings, an investment vehicle majority-owned by the Abu Dhabi Government, injected <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/nio-abu-dhabi-fund-375873\"><span style=\"font-weight: 400;\">$2.2 billion<\/span><\/a><span style=\"font-weight: 400;\"> into EV maker NIO in December 2023.<\/span><\/p><p><span style=\"font-weight: 400;\">The three billion-dollar investments above were part of the seven megadeals, or investments worth at least $100 million. <\/span><span style=\"font-weight: 400;\">The seven megadeals cumulatively raised $12.1 billion, or 87.5% of the month\u2019s total financing. The big-ticket deals were across strategic sectors including EVs, renewable energy, and software.<\/span><\/p><p><img decoding=\"async\" class=\"aligncenter wp-image-390869 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2024\/04\/megadeal.png\" alt=\"\" width=\"2890\" height=\"1588\" \/><\/p><p><span style=\"font-weight: 400;\">Investments at Series A and earlier funding stages remained dominant in March\u2014there were 86 transactions in the earliest funding stages, accounting for almost half (48.6%) of the deal count. <\/span><span style=\"font-weight: 400;\">Meanwhile, dealmaking slid sharply in companies approaching the public listing stages, as the exit outlook remains uncertain.\u00a0<\/span><\/p><h3 style=\"text-align: center;\">List of megadeals (Mar 2024)<\/h3>\n<table id=\"tablepress-108\" class=\"tablepress tablepress-id-108\">\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\">Newland Commercial Management<\/td><td class=\"column-2\">Dalian<\/td><td class=\"column-3\">8300<\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td><td class=\"column-7\">PAG, CITIC Capital, Ares Management, Platinum Peony (affiliated with Abu Dhabi Investment Authority), Mubadala Investment Company<\/td><td class=\"column-8\">Real Estate Development &amp; Operating Company<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">ChangXin Technology Group (holding firm of ChangXin Memory Technologies)<\/td><td class=\"column-2\">Hefei<\/td><td class=\"column-3\">1500<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">Equity Financing<\/td><td class=\"column-6\"><\/td><td class=\"column-7\">GigaDevice Semiconductor, Hefei Changxin Integrated Circuit, Hefei Industry Investment, CCB Financial Asset Investment, ICBC Asset Management, and others<\/td><td class=\"column-8\">Semiconductor<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">IM Motors<\/td><td class=\"column-2\">Shanghai<\/td><td class=\"column-3\">1112.4<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">B<\/td><td class=\"column-6\">Bank of China Asset Management<\/td><td class=\"column-7\">ABC Investment, Lingang Group, Contemporary Amperex Technology Co Ltd (CATL), Momenta, Qingtao Energy Development, and others<\/td><td class=\"column-8\">Automobiles &amp; Parts<\/td><td class=\"column-9\">Electric\/Hybrid Vehicles<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">Huakong Power Group<\/td><td class=\"column-2\">Beijing<\/td><td class=\"column-3\">692.7<\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td><td class=\"column-7\">Tamarace Capital, Qingwang Fund<\/td><td class=\"column-8\">Renewable Energy<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">PATEO<\/td><td class=\"column-2\">Shanghai<\/td><td class=\"column-3\">207.8<\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td><td class=\"column-8\">Automobiles &amp; Parts<\/td><td class=\"column-9\">Internet of Things<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">Hozon New Energy Automobile<\/td><td class=\"column-2\">Shanghai<\/td><td class=\"column-3\">200<\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\">Hong Kong SAR Government<\/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-8 even\">\n\t<td class=\"column-1\">UnionTech Software Technology<\/td><td class=\"column-2\">Beijing<\/td><td class=\"column-3\">110.6<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">B, B+<\/td><td class=\"column-6\"><\/td><td class=\"column-7\">B: Beijing Jiashu Investment, B+: Beijing Information Technology Industry Investment Fund <\/td><td class=\"column-8\">Software<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-108 from cache --><h3>Chip-making firms go from strength to strength<\/h3><p><span style=\"font-weight: 400;\">Semiconductor remains the most sought-after sector for investors in China, as the country strives for self-reliance amid continuing Sino-US geopolitical tensions. Thirty-one chip-making firms sealed deals in March, raising an aggregate of $1.8 billion.\u00a0\u00a0<\/span><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-390872 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2024\/04\/By-Industry.png\" alt=\"\" width=\"1696\" height=\"1072\" \/><\/p><p><span style=\"font-weight: 400;\">China has reportedly been in the process of raising over $27 billion for its largest chip-dedicated investment fund to date, according to a report published by Bloomberg in early March.<\/span><\/p><p><span style=\"font-weight: 400;\">Also known as the Big Fund, the National Integrated Circuit Industry Investment Fund, which was set up in 2014 by the Ministry of Industry and Information Technology and Ministry of Finance to give a fillip to the Chinese circuit chip industry to achieve economic self-sufficiency, is currently raising funds from local governments and state-owned firms for its third fund, per the report.<\/span><\/p><p><span style=\"font-weight: 400;\">The real estate sector topped in terms of deal value even though the sale of Dalian Wanda&#8217;s 60% stake in its mall unit to the PAG-led consortium was the only deal in the space. The move comes after the cash-strapped property giant\u2019s plan to sell some of its core business units to prevent liquidations.\u00a0<\/span><\/p><h3>CAS Star is the top investor<\/h3><p><span style=\"font-weight: 400;\">CAS Star, a Chinese investment firm focusing on early-stage hard tech startups, was the most active investor by deal count, investing at least $69.8 million into six startups.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The firm, led by co-founding partner Mi Lei, a hard-tech industry veteran and researcher at the Xi\u2019an Institute of Optics and Precision Mechanics of the Chinese Academy of Sciences (CAS), had invested in 420 deep-tech firms, as of May 2023. Dually-headquartered in Beijing and Xi\u2019an, the firm currently oversees 8.1 billion yuan ($1.1 billion) in assets under management (AUM), according to its website.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Previously, CAS Star was the most active investor by deal sum in February, thanks to its participation in the megadeal of Shanghai Spacecom Satellite Technology.<\/span><\/p><h3 style=\"text-align: center;\"><strong>Most active investors in China (March 2024)<\/strong><\/h3>\n<table id=\"tablepress-107\" class=\"tablepress tablepress-id-107\">\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\">CAS Star<\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">69.8<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">4<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">China Merchants Group &amp; affiliates <\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">111.2<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">Wuxi Venture Capital Group<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">17<\/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\">Legend Holdings &amp; affiliates<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">28<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">SAIC Motor &amp; affiliates<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">1140.4<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">Shenzhen Capital Group<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">29.7<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">Addor Capital <\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">14<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">Shunwei Capital <\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">42<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">Z&amp;Y capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">41.8<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">Baidu &amp; affiliates<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">43.3<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n\t<td class=\"column-1\">Bank of Communications (BOCOM) &amp; affiliates<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">2613.9<\/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\">Industrial and Commercial Bank of China (ICBC)<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">2681.6<\/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\">China Construction Bank (CCB) &amp; affiliates<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">1666.4<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-107 from cache --><p><i>Note: In our monthly analysis for March 2024, 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\" 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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 href=\"https:\/\/www.dfinsolutions.com\/?utm_source=marketing&#038;utm_medium=Paid-Displayt&#038;utm_offer=Website-Form&#038;utm_touch=DealStreetAsia-barometer-ads&#038;utm_content=from-idea-to-ipo&#038;utm_campaign=2021_Q3_APAC_GCM_PaidContent_Barometer&#038;sfcampid=7013b000001ZRmHAAW\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/IPO_StartuptoStockMarket_Bull_1920x1080_April2024.jpg\" class=\"attachment-full size-full wp-image-3802\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/IPO_StartuptoStockMarket_Bull_1920x1080_April2024.jpg 1920w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/IPO_StartuptoStockMarket_Bull_1920x1080_April2024-300x169.jpg 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/IPO_StartuptoStockMarket_Bull_1920x1080_April2024-1024x576.jpg 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/IPO_StartuptoStockMarket_Bull_1920x1080_April2024-768x432.jpg 768w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/IPO_StartuptoStockMarket_Bull_1920x1080_April2024-1536x864.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\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-33 elementor-inner-column elementor-element elementor-element-8c271e5\" data-id=\"8c271e5\" 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-2419d01 elementor-section-full_width elementor-section-content-middle elementor-section-height-default elementor-section-height-default\" data-id=\"2419d01\" 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-50 elementor-top-column elementor-element elementor-element-a001c65\" data-id=\"a001c65\" 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-8d22c21 elementor-widget elementor-widget-image\" data-id=\"8d22c21\" 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<img loading=\"lazy\" decoding=\"async\" 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Stories<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b7bc256 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b7bc256\" data-element_type=\"widget\" data-widget_type=\"divider.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-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider 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.elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span 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-9e3bb95 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"9e3bb95\" 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-50 elementor-inner-column elementor-element elementor-element-e3d59d4\" data-id=\"e3d59d4\" 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-0c87a6e elementor-widget elementor-widget-text-editor\" data-id=\"0c87a6e\" 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-7866b92 elementor-position-left related-box elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"7866b92\" 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-mar-2024\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"978\" height=\"499\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/se-asia-march.png\" class=\"attachment-full size-full wp-image-3731\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/se-asia-march.png 978w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/se-asia-march-300x153.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/04\/se-asia-march-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-mar-2024\/\">SE Asia Deals Barometer Report: Startup funding hits three-month high of $498m in March Edit <\/a><\/h3><p class=\"elementor-image-box-description\">Startups in Southeast Asia garnered approximately $498 million in funding in March\u2014a 28% increase from the previous month and the highest amount raised so far this year, according to proprietary data compiled by DealStreetAsia.\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<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fd78531\" data-id=\"fd78531\" 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-97ed822 elementor-widget elementor-widget-text-editor\" data-id=\"97ed822\" 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-5341de7 elementor-position-left related-box elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"5341de7\" 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-mar-2024\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"978\" height=\"499\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/03\/India-Feb-.png\" class=\"attachment-full size-full wp-image-3658\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/03\/India-Feb-.png 978w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/03\/India-Feb--300x153.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/03\/India-Feb--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-mar-2024\/\">India Deals Barometer Report: PE\/VC investments in startups breach billion-dollar mark in March<\/a><\/h3><p class=\"elementor-image-box-description\">Private equity and venture capital investments in Indian startups surpassed the billion-dollar mark for the first time this year in March, touching $1.06 billion, according to proprietary data compiled by DealStreetAsia.\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: Three billion-dollar deals in March shore up Q1 venture funding By Stephanie Li April 09, 2024 March was a record-breaking month for startup fundraising in Greater China after a cautious start to the year in January and muted dealmaking amid the Lunar New Year holidays in February. Last month, 177 privately-held [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3732,"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-3755","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\/3755","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=3755"}],"version-history":[{"count":14,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/3755\/revisions"}],"predecessor-version":[{"id":3805,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/3755\/revisions\/3805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media\/3732"}],"wp:attachment":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media?parent=3755"}],"wp:term":[{"taxonomy":"deals-type","embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/deals-type?post=3755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}