Deals
Chinese VC Fundraising Hits Three-Year Low as Startups Hurt
- Fundraising’s down to its lowest in 11 quarters, Preqin says
- Investors getting wary as valuations continue to rise
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The party isn’t quite over for China’s technology startups, but the dance floor’s thinning out.
Judging by the cash that investors are preparing to deploy, the euphoria that catapulted the country’s startup financing to a record 2015 may be starting to wane. Chinese-based venture capital firms raised just $400 million in the second quarter, the lowest figure in almost three years, according to London consultancy Preqin Ltd. The number of deals done involving Chinese companies fell 12 percent.