Startups based in Greater China raised nearly $17 billion from PE-VC investors in April-June 2021 — a sign of the market cooling down after frenetic dealmaking activity in the preceding two quarters.
However, Q2 2021 was still more vibrant than the COVID-marred second quarter of 2020 when startups collected only around $9.5 billion. Moreover, in the entire first half of 2021, PE and VC investments amounted to $41.1 billion — an uptick of 7.9% from $38.1 billion in H2 2020.
Meanwhile, IPO activity of Greater China-based firms was buoyant in Q2 2021, with 174 listings collectively raising close to $40 billion. IPOs on US exchanges of Greater China-based firms were also buoyant. However, regulatory uncertainties in China’s tech sector are expected to cloud future listings on Wall Street.
The Greater China Deal Review: Q2 2021 report also gives a detailed analysis of:
- The top fundraisers in Q2 2021
- The top sectors that attracted investments
- Top IPOs in the quarter
- Outlook for IPOs and fundraising in 2021
- Insights from prominent investors on China’s regulatory uncertainty