Government data: China's internet companies raised $3.51B in Q1 2022, down 76.7% YoY from $15B+, while the number of fundraising deals declined 38.3% YoY (Xinmei Shen/South China Morning Post)

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Xinmei Shen / South China Morning Submit:

Authorities information: China’s web firms raised $3.51B in Q1 2022, down 76.7% YoY from $15B+, whereas the variety of fundraising offers declined 38.3% YoY  —  Plunge in funding follows an intense interval of regulatory motion that has focused a few of China’s greatest web firms.





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