VC Funds Flee China, Head For India, Southeast Asia - Nikkei

VC funds focused on Southeast Asia and India have raised $3.1 billion this year against $3.5 billion the whole of last year, the report said China's stiff crackdown on large tech platforms and other drastic policy measures seem to have led to the flight of venture capital funds to Southeast Asia and India, Nikkei Asia reported, citing data from research firm Preqin. VC funds focused on Southeast Asia and India have raised $3.1 billion this year against $3.5 billion the whole of last year, the report said, adding that China-focused VC funds raised just $2.1 billion against the $27.2 billion…