After a strong Q1, fundraising by Greater China startups lost steam in April-June (Q2) 2024, plunging to levels last seen during the COVID-19 pandemic in 2020. Capital raised by startups in the region just crossed $9 billion in Q2, down 54.9% quarter-on-quarter (QoQ), as billion-dollar deals were absent. Meanwhile, macro market uncertainties and heightened rules for domestic listings have also been weighing on the IPO market.
Read this report for insights into
- Quarterly and yearly startup fundraising trends
- Top deals of Q2 and H1 2024
- Most favoured industries by venture investors
- Top IPOs by Greater China firms in H1 2024 and pending large-cap IPOs
- Insights from prominent China-focused private market investors
