ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Startups

China startup funding plunges to 8-year low in Q2

Decline in VC investments narrows gap between India and Southeast Asia

Observers in China are wondering whether a $1.2 billion fine against Didi Global may be a sign that Beijing will start easing its crackdown on tech giants. (Source photos by Reuters and AP) 

TOKYO -- Startup funding in China hit an eight-year low in the April-June quarter, as a tech crackdown and COVID-19 related restrictions weighed on the world's second largest economy.

Venture funding in China fell to $9.1 billion in the second quarter, halving from $18.1 billion in the previous quarter and hitting the lowest since the October-December quarter in 2014 ($5.5 billion), according to a report by KPMG. The first quarter figure was already a sharp decline from $32.1 billion in the fourth quarter of 2021.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more