Deal-making by China-focused private equity and venture capital firms slowed for a second consecutive month in February, amid the week-long Lunar New Year holidays on the Mainland. There were 122 PE-VC deals in the month that raised a combined $5.2 billion, according to proprietary data compiled by DealStreetAsia. The total value of investments was down 30.7% from January, while the number of transactions decreased by 14.7%. Dealmaking in China has had a slow start in 2021 after the record set last December when $9.1 billion was raised across 191 deals.
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