The report notes that China also saw a fall in the number of big-ticket deals.
A total of 1,954 venture capital (VC) funding deals were announced in China in the first three quarters of 2024, marking a significant y-o-y decline of 21.2% in volume, a report by GlobalData notes. Over the same period, the deals came up to a total of US$25.7 billion ($33.9 billion), 19.5% lower y-o-y.
In comparison, China saw the announcement of 2,480 VC deals worth US$31.9 billion in the first three quarters of 2023.
