{"id":4871,"date":"2025-08-20T10:32:41","date_gmt":"2025-08-20T10:32:41","guid":{"rendered":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/?page_id=4871"},"modified":"2025-12-05T11:01:31","modified_gmt":"2025-12-05T11:01:31","slug":"report-china-jul-2025","status":"publish","type":"page","link":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-china-jul-2025\/","title":{"rendered":"China Deals Barometer Report: July dealmaking holds up amid signs of market recovery"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4871\" class=\"elementor elementor-4871\" 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\">Greater China Deals Barometer Report: July dealmaking holds up amid signs of market recovery<\/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=\"1479\" height=\"986\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-170706.png\" class=\"attachment-full size-full wp-image-4876\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-170706.png 1479w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-170706-300x200.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-170706-1024x683.png 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-170706-768x512.png 768w\" sizes=\"(max-width: 1479px) 100vw, 1479px\" \/>\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>4 August, 2025<\/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;\">Fundraising in Greater China continued its upward trajectory in July as startups in the region collectively raised over $6.6 billion, the highest-ever monthly deal value recorded this year.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The monthly deal value climbed 17.2% over June 2025, while the deal count grew 15.7% to 229, according to proprietary data compiled by DealStreetAsia.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The rebound was more salient compared to July 2024 when almost $2.9 billion was raised via the completion of 184 deals. That translated to a year-over-year growth of 130% and 24.5%, respectively.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">A shift in sentiment towards China has been underway \u2014 a recent report published by US-based asset manager Invesco shows that <\/span><span style=\"font-weight: 400;\">a significant majority of SWFs (59%) are expected to increase their China allocations over the next five years, with APAC- and Africa-based sovereign investors leading the way.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Sovereign investors based in North America, too, show high interest in growing their China allocation, signifying their willingness to look beyond the current geopolitical situation. The SWFs in the survey also cited <\/span><span style=\"font-weight: 400;\">attractive local returns, diversification benefits, and China\u2019s accelerating leadership in critical technologies as compelling reasons to engage in the market, per the survey.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Yet, it remains to be seen whether the recovery momentum will continue. So far, the first seven months of 2025 have raised almost $27 billion through 1,426 deals. Venture investors pledged 15.7% less capital in H1 2025, although the deal count was 7.7% more than the same period last year.\u00a0<\/span><\/p><p><img decoding=\"async\" class=\"aligncenter wp-image-451571 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2025\/08\/202507_MoM-scaled-e1754218374984.jpg\" alt=\"\" width=\"2500\" height=\"1463\" \/><\/p><h3>Megadeals prop up startup fundraising<\/h3><p><span style=\"font-weight: 400;\">Part of the dealmaking rebound in July was driven by the record number of megadeals or investments worth at least $100 million \u2014 the month saw a total of 13 megadeals raising a combined $4.7 billion, or 70.8% of the month\u2019s total deal value.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The only billion-dollar deal \u2014 also the largest deal of the month \u2014 went to <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/china-launches-national-fusion-energy-firm-state-owned-firms-inject-1-6b-450328?utm_source=DealStreetAsia&amp;utm_campaign=66c2b640ee-EMAIL_CAMPAIGN_2025_07_24_01_02&amp;utm_medium=email&amp;utm_term=0_0fa50e40c1-66c2b640ee-246764862&amp;mc_cid=66c2b640ee&amp;mc_eid=9cba9fc2bf\"><span style=\"font-weight: 400;\">China Fusion Energy<\/span><\/a><span style=\"font-weight: 400;\">, a newly launched national fusion energy firm backed by several state-owned nuclear and energy firms that snapped 11.5 billion yuan ($1.6 billion) in its latest funding round.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The second-largest deal of the month saw Hong Kong-listed Sino Biopharmaceutical announce its acquisition of the remaining 95.09% stake in Shanghai-based biopharmaceutical firm LaNova Medicines for no more than $950.92 million, according to an exchange filing.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Post-financing, Sino Biopharmaceutical will hold a 100% stake in LaNova, which focuses on the unmet therapeutic needs in the field of tumour immunity and tumour microenvironment.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Embodied intelligence continues to be a major theme, with the likes of <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/engineai-funding-449971\"><span style=\"font-weight: 400;\">EngineAI<\/span><\/a><span style=\"font-weight: 400;\">, TARS, and <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/tars-galaxea-ai-meituan-448629\"><span style=\"font-weight: 400;\">Galaxea AI<\/span><\/a><span style=\"font-weight: 400;\"> sealing megadeals in the month. <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/zhipu-ai-shanghai-state-funds-447792\"><span style=\"font-weight: 400;\">Zhipu AI<\/span><\/a><span style=\"font-weight: 400;\">, known as one of China\u2019s \u201cSix Tigers\u201d in developing large language models (LLMs), secured yet another big-ticket investment of 1 billion yuan ($139.6 million) from two state capital investors in Shanghai as the company heads towards an initial public offering (IPO).\u00a0\u00a0<\/span><\/p><p><img decoding=\"async\" class=\"aligncenter wp-image-451569 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2025\/08\/Screenshot-2025-08-03-at-4.36.08\u202fPM-e1754218320524.png\" alt=\"\" width=\"2841\" height=\"1577\" \/><\/p><p><span style=\"font-weight: 400;\">Early-stage investments dominated the country\u2019s venture scene, accounting for 50.2% of the <\/span><span style=\"font-weight: 400;\">total deal count, despite contributing around $1.4 billion, or 20.4% of the month\u2019s total proceeds. The month also tracked an uptick in late-stage dealmaking, with a total of two transactions taking place at Series E or later stages.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Public listing, one of the major exit strategies among many of the Chinese general partners (GPs), showed significant recovery in H1 2025. <\/span><\/p><p><span style=\"font-weight: 400;\">In the first half of 2025, there were 94 initial public offerings (IPOs) from Greater China across exchanges in mainland China, Hong Kong, and the US, raising nearly $8.7 billion. This represents a 19% increase in the number of IPOs and a 38.3% rise in total funds raised compared to the first half of 2024, as indicated by Dealogic data analysed by DealStreetAsia.<\/span><\/p><h3 style=\"text-align: center;\"><strong>List of megadeals in China (Jul 2025)<\/strong><\/h3><p style=\"text-align: center;\">\n<table id=\"tablepress-155\" class=\"tablepress tablepress-id-155\">\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 &amp; affiliates <\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">103.5<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">6<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Addor Capital <\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">17<\/td><td class=\"column-4\">4<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">JD.com<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">225.7<\/td><td class=\"column-4\">4<\/td><td class=\"column-5\">0<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">MiraclePlus<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">15.6<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">Beijing Artificial Intelligence Industry Investment Fund (\u5317\u4eac\u5e02\u4eba\u5de5\u667a\u80fd\u4ea7\u4e1a\u6295\u8d44\u57fa\u91d1)<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">41.8<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">Wuxi Venture Capital Group<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">111.5<\/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\">Guolian Jintou Zhiyuan (\u56fd\u8054\u91d1\u6295\u81f4\u6e90)<\/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-9 odd\">\n\t<td class=\"column-1\">Chenkun Capital (\u5764\u8fb0\u8d44\u672c)<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">3.1<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">Highlight Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">282.9<\/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\">Xiang He Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">291.7<\/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\">Cowin Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">15.5<\/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\">China Cinda Asset Management<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">752.3<\/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\">Panlin Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">27.9<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n\t<td class=\"column-1\">Innoangel fund<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">15.5<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n\t<td class=\"column-1\">Everest VC<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">97.9<\/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\">CAS Star<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">26.6<\/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\">IDG Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">115.5<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-19 odd\">\n\t<td class=\"column-1\">Xiaomi<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">28<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-20 even\">\n\t<td class=\"column-1\">01VC<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">5.8<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-21 odd\">\n\t<td class=\"column-1\">Panlin Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">27.9<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-155 from cache --><\/p><h3>HK-based startups capture investor attention<\/h3><p><span style=\"font-weight: 400;\">H<\/span><span style=\"font-weight: 400;\">ong Kong\u2019s startup ecosystem has regained investor attention. The month saw a total of seven Hong Kong-based startups securing funding from local and regional investors.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Part of the funding momentum can be traced back to Hong Kong\u2019s regulatory regime for stablecoin issuers, which took effect on August 1. <a href=\"https:\/\/www.dealstreetasia.com\/stories\/kun-greater-china-deals-451316\">KUN<\/a>, a stablecoin-based payment and financial infrastructure services platform, has secured $6 million in funding from Chinese fintech firm MOG Digitech Holdings Limited, through its indirect wholly owned subsidiary Zhongbao HK.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">ZA Global, the international business unit of Hong Kong-listed insurtech firm ZhongAn Online P&amp;C Insurance, too, led a $40-million Series A2 round in stablecoin infrastructure firm <a href=\"https:\/\/www.dealstreetasia.com\/stories\/rd-technologies-series-a2-round-451072\">RD Technologies<\/a>.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Hong Kong-listed digital asset platform <a href=\"https:\/\/www.dealstreetasia.com\/stories\/hong-kong-based-crypto-platform-osl-group-raises-300m-equity-funding-450524\">OSL Group<\/a> also announced that it <\/span><span style=\"font-weight: 400;\">had completed a $300-million equity financing, making it the biggest publicly disclosed equity raise in Asia\u2019s digital asset landscape, per a release.<\/span><\/p><p>Although this deal was not included as part of DealStreetAsia&#8217;s PE\/VC deal analysis, the investment signifies the intensifying investor interest in the space, as Hong Kong brings more regulatory certainty to the digital asset space.<\/p><p><span style=\"font-weight: 400;\">Canadian insurer Sun Life&#8217;s additional $70-million capital injection in HK-based <a href=\"https:\/\/www.dealstreetasia.com\/stories\/bowtie-sun-life-449705\">Bowtie<\/a>, further enhancing its already significant holding in the virtual insurer, is yet another deal involving HK-based firms.\u00a0<\/span><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-451572\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2025\/08\/202507_By-Industry-scaled-e1754218490429.jpg\" alt=\"\" width=\"2496\" height=\"1732\" \/><\/p><p>Semiconductors continued to take the lead in deal count, with the completion of 52 transactions. Three megadeals were sealed in the chipmaking space that include Chinese full-stack AI chipmaker <a href=\"https:\/\/www.dealstreetasia.com\/stories\/sunrise-new-round-449979\">Sunrise<\/a>, which bagged 1 billion yuan ($139.3 million) in its latest funding round to consolidate its market share in the home-grown advanced graphics processing unit (GPU) sector.<\/p><h3>JD.com, Xiaomi accelerate embodied AI push<\/h3><p><span style=\"font-weight: 400;\">Chinese e-commerce giant JD.com has splurged on four robotics startups in July, including EngineAI Robotics Technology; Spirit AI; RoboScience; and Limx Dynamics, as the online business-to-consumer (B2C) e-commerce platform joined the wave of capital rushing into firms that are pushing the boundaries of integrating AI with physical systems.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Chinese tech giant Xiaomi, whose business spans from consumer electronics to electric vehicles (EVs), was also seen backing three firms in the month, including AI chips developer LuminX; smart dishwasher firm Ongmei; and Jingdongfang Shengshi Technology, the display technologies unit under BOE Technology Group.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Chinese conglomerate Legend Holdings was the most active investor during the month in terms of deal count. The group injected around $103.5 million across six startups through its subsidiaries.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><h3 style=\"text-align: center;\"><strong>Most active investors in China (January 2025)<\/strong><\/h3><p style=\"text-align: center;\">\n<table id=\"tablepress-156\" class=\"tablepress tablepress-id-156\">\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 &amp; affiliates<\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">47<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">6<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Addor Capital<\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">15.5<\/td><td class=\"column-4\">4<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">JD.com<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">47.4<\/td><td class=\"column-4\">4<\/td><td class=\"column-5\">0<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">MiraclePlus<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">15.5<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">Beijing Artificial Intelligence Industry Investment Fund <\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">28<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">Wuxi Venture Capital Group<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">25.1<\/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\">Guolian Jintou Zhiyuan <\/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-9 odd\">\n\t<td class=\"column-1\">Chenkun Capital <\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">1.5<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">Highlight Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">59.9<\/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\">Xiang He Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">65.7<\/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\">Cowin Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">3<\/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\">China Cinda Asset Management<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">69.7<\/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\">Panlin Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">14<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n\t<td class=\"column-1\">Innoangel fund<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">8.4<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n\t<td class=\"column-1\">Everest VC<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">29.5<\/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\">CAS Star<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">15.5<\/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\">IDG Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">37.6<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-19 odd\">\n\t<td class=\"column-1\">Xiaomi<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">3<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-20 even\">\n\t<td class=\"column-1\">01VC<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">3<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-156 from cache --><\/p><p><i><span style=\"font-weight: 400;\">Note: In our monthly analysis for July 2025, we have put together detailed charts of prominent deals, active investors, deal stages, and the most attractive sectors that have bagged the maximum venture dollars in the Greater China region.<\/span><\/i><\/p><p><i><span style=\"font-weight: 400;\">Our database only considers deals officially announced by the related investee, investor(s), and\/or financial advisor, while information based on market rumours and news reports citing sources is excluded.<\/span><\/i><\/p><p><i><span style=\"font-weight: 400;\">For a more detailed analysis, and to enable comparison between primary and secondary markets, DealStreetAsia has started tracking deals of all sizes since April 2020, as against considering only transactions worth more than $10 million earlier.<\/span><\/i><\/p><p><i><span style=\"font-weight: 400;\">We have also introduced a standardised system for industry classification. It currently includes over 50 industries, as well as over 45 new economy and high-tech verticals, which will progressively increase to adapt to local market conditions in our closely watched regions of Greater China, Southeast Asia, and India.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ceba02c elementor-align-center viewReport elementor-widget elementor-widget-button\" data-id=\"ceba02c\" data-element_type=\"widget\" id=\"viewReportChina\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-size-sm\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">View Report<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div 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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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elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-52de1df\" data-id=\"52de1df\" 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-1f23a52 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"1f23a52\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5408e23\" data-id=\"5408e23\" 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-5614e23 elementor-widget elementor-widget-heading\" data-id=\"5614e23\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Related 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 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var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .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-jul-2025\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"1173\" height=\"747\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-165634.png\" class=\"attachment-full size-full wp-image-4872\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-165634.png 1173w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-165634-300x191.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-165634-1024x652.png 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-165634-768x489.png 768w\" sizes=\"(max-width: 1173px) 100vw, 1173px\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-se-asia-jul-2025\/\">SEA Deals Barometer Report: Startup funding surges in July on a billion-dollar data centre deal<\/a><\/h3><p class=\"elementor-image-box-description\">Southeast Asia\u2019s startup funding activity rebounded sharply in July, with total investment value more than quadrupling from the previous month, driven by a single billion-dollar transaction in Singapore.<\/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-jul-2025\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"1223\" height=\"753\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-15-141729.png\" class=\"attachment-full size-full wp-image-4788\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-15-141729.png 1223w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-15-141729-300x185.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-15-141729-1024x630.png 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-15-141729-768x473.png 768w\" sizes=\"(max-width: 1223px) 100vw, 1223px\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-india-jul-2025\/\">India Deals Barometer Report: Startup funding hits 18-month low of $840m in July<\/a><\/h3><p class=\"elementor-image-box-description\">Startup funding in July dropped to its lowest level in the past 18 months, signalling cooling investor activity amid uncertainties in the global economy, tighter capital flows, and increased scrutiny of startups.<\/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>Greater China Deals Barometer Report: July dealmaking holds up amid signs of market recovery By Stephanie Li 4 August, 2025 Fundraising in Greater China continued its upward trajectory in July as startups in the region collectively raised over $6.6 billion, the highest-ever monthly deal value recorded this year.\u00a0 The monthly deal value climbed 17.2% over [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":4784,"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-4871","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\/4871","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/comments?post=4871"}],"version-history":[{"count":9,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/4871\/revisions"}],"predecessor-version":[{"id":5162,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/4871\/revisions\/5162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media\/4784"}],"wp:attachment":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media?parent=4871"}],"wp:term":[{"taxonomy":"deals-type","embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/deals-type?post=4871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}