Chinese startups brush aside COVID-19 blues to raise US$37.4bn during January to May 2021, reveals GlobalData
June 23, 2021 (Investorideas.com Newswire) Despite the COVID-19 pandemic, Chinese startups raised the highest venture capital (VC) funding amount among the Asia-Pacific (APAC) countries during January to May 2021. A total of 1,303 VC funding deals were announced in China during the period as the disclosed funding value of these deals stood at US$37.4bn, according to GlobalData, a leading data and analytics company.
An analysis of GlobalData's Financial Deals Database reveals that only February witnessing growth in VC funding value while March was the only month to witness growth in deal volume. Nevertheless, despite the decline, China held the lion's share of the APAC VC funding landscape and accounted for close to 50% and 70% of the region's total deal volume and value, respectively, during the review period.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: "Despite investors adopting a cautious approach and deal activity remaining subdued for most of the period, China managed to witness the announcement of some big-ticket deals, which helped it register a sizeable cumulative funding value."
Some of the notable VC funding deals announced during the period in China were US$3bn funding in Xingsheng Optimal, US$750m capital raising by Beijing Shihui Technology, US$700m funding in Dingdong Maicai, US$664.2m capital raising by Leap Motor and US$600m funding in Qingju.
For more information
To gain access to our latest press releases: GlobalData Media Centre
Analysts available for comment. Please contact the GlobalData Press Office:
EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809
Notes to Editors
- Quotes are provided by Aurojyoti Bose, Lead Analyst at GlobalData
- Information is based on GlobalData's Financial Deals Database
- This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData's team of industry experts.
4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com