China Is Leading the Global Decline in Venture Capital Deals
- Value of venture deals tumbled 44% in the first four months
- China financing ‘completely suspended’ with pandemic, downturn
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China, once the primary rival to Silicon Valley’s technology success, is now leading the global decline in venture capital investments.
The value of venture deals in the country tumbled 44% to $24.7 billion in the first four months of the year, compared with a year earlier, according to data from the research firm Preqin. That’s almost twice the rate of decline in the US and nearly four times the pace of the global slide.