Start-up funding in China remains weak, but may see a recovery this year

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Funding for start-ups in China remains at a low point, although the amount raised in the first half is already more than 50 per cent of 2023’s total, suggesting a potential recovery.

Dollar-based funds raised US$2.6 billion, accounting for only 2.5 per cent of the total in the first half of 2024, compared with 44 per cent in 2021, Mergermarket data showed.

Another trend is that dollar-denominated funds have played a much smaller role.

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Article Details

Author / Journalist: Coco Feng

Category: Business

Markets: Hong KongChina

Topics: China Remains Total Funding Amount First Recovery Raised Data Billion Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 08:00:13 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 228 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22556163

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