China Deal Review: Startups collect $3.89b in May but transaction volume sees sharp drop

China Deal Review: Startups collect $3.89b in May but transaction volume sees sharp drop

The Great Wall in China in Mutianyu. Source: Victoriano Izquierdo/Unsplash

Venture capital dealmaking activity in China lost momentum in May 2020 after recording a spike in March and a continued rebound in April driven by a backlog of transactions that were allowed to proceed amid eased pandemic situation in the country.