The dearth of growth- to late-stage megadeals continued to suppress fundraising in Greater China in the third quarter, despite the volume of PE-VC deals reaching a record high.
The total value of venture investments in startups headquartered in mainland China, Hong Kong, Macau, and Taiwan stood at $15.1 billion in July-September 2022, down 34.7% from the same period last year, show data from DealStreetAsia DATA VANTAGE’s latest report Greater China Deal Review: Q3 2022.
