China Deal Review: A $2.5b megadeal props up startup fundraising in October

China Deal Review: A $2.5b megadeal props up startup fundraising in October

Hangzhou City, China. Photo by Art Chen on Unsplash

As the number of venture deals in Greater China slid further from August’s peak, October saw 178 startups raise a combined $5.1 billion. This included one megadeal that contributed almost half of the month’s total financing.

The deal count of 178 in October marked a decrease of 9.6% from the prior month. The deal value of $5.1 billion, meanwhile, was a 25.6% month-on-month (MoM) increase, according to proprietary data compiled by DealStreetAsia.

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