Greater China Deal Review: Q3 2023

02 November, 2023

The third quarter of 2023 saw startups in Greater China seal 670 venture deals—the second highest on record after Q3 2022. Capital raised in the three months rose 28.5% QoQ to $14.1 billion. At this run rate, dealmaking in full-year 2023 is poised to exceed last year’s levels. However, China’s IPO market is in a slump. Only 77 companies went public in the past quarter, down 18.9% from Q2.

This report has extensive data on:

  • Quarterly and monthly startup fundraising trends
  • Top deals of Q3 2023
  • Most popular industries for venture investors
  • Top IPOs by Greater China firms in 9M 2023
  • Insights from prominent China-focused investors

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