News Snapshot:
12 Jan 2022 Chinese startups raise $104.4bn VC funding in 2021, reveals GlobalData Chinese startups raise $104.4bn VC funding in 2021, reveals GlobalData [Business Fundamentals] China’s regulatory crackdown on technology giants is not stopping the venture capital (VC) frenzy in the country. The VC market of the country in the wake of evolving regulatory landscape and COVID-19 pandemic surprisingly looks upbeat. Chinese startups raised $104.4bn, a growth of 48.9% year-on-year in 2021, finds GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that deal volume too witnessed a staggering 31.9% growth from 3,261 in...
