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