Venture investments in China fell by more than 30% – Kommersant
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According to research company PitchBook, cited by the TV channel CNBC, venture capital investment companies in China concluded 3,072 deals totaling $26.7 billion in the first six months of this year. This is 31.4% less than in the same period last year. According to the researchers, if such dynamics continue until the end of the year, venture capital investment in China could fall to a record low since 2016.
The main reasons for this situation, according to experts, are the slowdown of China’s economy and the decline in investment from abroad in the context of difficult relations with the United States and Europe. “Our data shows that some U.S. investors have avoided investing in China, largely due to geopolitical tensions and a variety of other reasons, including a slowing economy and pressure Chinese regulators on the technology sector,” note PitchBook researchers.
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