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China witnessed the announcement of a total of 251 venture capital (VC) funding deals during January 2024 while the disclosed funding value of these deals stood at $2.6 billion. This represents a year-on-year (YoY) decline of 8.4% in terms of volume and 31.4% in terms of value, according to GlobalData, a leading data and analytics company.

According to an analysis of GlobalData’s Deals Database, a total of 274 VC deals with disclosed funding value of $3.8 billion were announced in China during January 2023.

Key markets such as the US, the UK, and India saw VC deal volume fall by 61.2%, 40.2% and 30.0%, respectively, in January 2024 compared to January 2023 while the decline in terms of value for these markets stood at 37%, 41.3% and 50.3%, respectively.
 
China accounted for 22% share of the total number of VC funding deals announced globally during January 2024 while its share of the disclosed deal value stood at 18.6%.