Private Equity and venture capital investors, once enthralled with China, are now struggling to find new investment strategies -- or just exits -- as Chinese stocks extend a three-year slump.
In the first three quarters of 2023, indicators for fundraising, investment and exits by PE and VC firms in the Chinese market all declined, according to equity investment research institution Zero2IPO Group. The number of new funds dropped by 2.1% from a year earlier to 5,344 and the scale of these funds fell 20.2% to 1,352 billion yuan ($187 billion).
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