Latest News
China startups raise $2.6 billion VC funding in January 2024
News Highlight
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%.
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%.
Related News
Latest Blogs
- Expansion of broadband access will drive Nigeria's economic advancement
- Old lessons for new banking recapitalisation
- Africa or its nation states
- Lagos cholera outbreak and what to do about it
- Transforming Nigeria’s health sector: The SWAp advantage
Most Popular News
- AfDB has invested $1.44bn to support infrastructure development in Nigeria
- CBN raises interest rate by 50bps to extend hiking cycle
- IMF Deputy Managing Director Antoinette Sayeh to retire from the Fund
- Swedfund invests $30mn in Access Bank for MSMEs financing in Nigeria
- Nigerian inflation rate climbs to 34.19 percent
- ADIPEC Technical Conference receives record-breaking submissions