China Deal Review: Dealmaking back on track as startups raise $4.22b in August

Shanghai, China. Source: Ralf Leineweber/Unsplash

Dealmaking activity in China is back on the growth track as the threat of COVID-19 recedes in many parts of the country. August saw continued month-on-month growth in overall investment, following gains in both deal count and deal value in July.

Chinese startups raised $4.22 billion across 101 venture capital (VC) and private equity (PE) transactions in August, according to proprietary data compiled by DealStreetAsia. Although the number of deals dropped 12.9 per cent compared to July, there was a 3.7 per cent uptick in total funds raised.

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