{"id":4420,"date":"2025-02-21T12:01:29","date_gmt":"2025-02-21T12:01:29","guid":{"rendered":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/?page_id=4420"},"modified":"2025-02-21T12:03:47","modified_gmt":"2025-02-21T12:03:47","slug":"report-china-jan-2025","status":"publish","type":"page","link":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-china-jan-2025\/","title":{"rendered":"China Deals Barometer Report: Deal volume hits one-year high, but fundraising cools in Jan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4420\" class=\"elementor elementor-4420\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-335ebad elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"335ebad\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ea7c338\" data-id=\"ea7c338\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1364919 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"1364919\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-inner-column elementor-element elementor-element-13b7cfd\" data-id=\"13b7cfd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea5f09d elementor-widget elementor-widget-heading\" data-id=\"ea5f09d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Greater China Deals Barometer Report: Deal volume hits one-year high, but fundraising cools in Jan<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8de46ee elementor-widget elementor-widget-image\" data-id=\"8de46ee\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1528\" height=\"854\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/China-jan.png\" class=\"attachment-full size-full wp-image-4404\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/China-jan.png 1528w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/China-jan-300x168.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/China-jan-1024x572.png 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/China-jan-768x429.png 768w\" sizes=\"(max-width: 1528px) 100vw, 1528px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-7d12ea3\" data-id=\"7d12ea3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4917e57 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"4917e57\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-9dcc1b5 h-100\" data-id=\"9dcc1b5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ee0a9a7 elementor-widget elementor-widget-text-editor\" data-id=\"ee0a9a7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>By <a href=\"#\">Stephanie Li<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b73541 elementor-widget elementor-widget-text-editor\" data-id=\"7b73541\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>February 12, 2025<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-158dfd0 elementor-widget elementor-widget-html\" data-id=\"158dfd0\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"card-footer bg-white div-social-icons d-print-none\">\r\n    <ul class=\"nav\">\r\n        <li>\r\n            <a class=\"nav-link\" href=\"#\" target=\"_blank\"><i class=\"fa fa-facebook-f\"><\/i><\/a>\r\n        <\/li>\r\n        <li>\r\n            <a class=\"nav-link\" href=\"#\" target=\"_blank\"><i class=\"fa fa-twitter\"><\/i><\/a>\r\n        <\/li>\r\n\r\n        <li>\r\n            <a class=\"nav-link\" href=\"#\"><i class=\"fa fa-envelope\"><\/i><\/a>\r\n        <\/li>\r\n        <li>\r\n            <div class=\"dropdown-social\">\r\n                <a class=\"nav-link dropdown-toggle\" type=\"button\" id=\"dropdownMenuButton1\" data-bs-toggle=\"dropdown\" aria-expanded=\"false\"><i class=\"fa fa-share-alt\"><\/i><\/a>\r\n                <div class=\"dropdown-menu dropdown-menu-right\" aria-labelledby=\"dropdownMenuButton1\">\r\n                    <a href=\"#\" target=\"_blank\"><i class=\"fa fa-reddit-alien fa-2x\"><\/i><\/a>\r\n                    <a href=\"#\" target=\"_blank\"><i class=\"fa fa-linkedin fa-2x\"><\/i><\/a>\r\n                    <a href=\"#\" target=\"_blank\" data-action=\"\/share\/whatsapp\/share\"><i class=\"fa fa-whatsapp fa-2x\"><\/i><\/a>\r\n                <\/div>\r\n            <\/div>\r\n        <\/li>\r\n\r\n    <\/ul>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-4a06ee4 less-content\" data-id=\"4a06ee4\" data-element_type=\"column\" id=\"showContent\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e65b0f7 elementor-widget elementor-widget-text-editor\" data-id=\"e65b0f7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Startup funding volume in Greater China continued on its upward trajectory in January despite ongoing macroeconomic uncertainties and geopolitical tensions weighing on the market.<\/p><p><span style=\"font-weight: 400;\">Privately held companies headquartered in mainland China, Hong Kong, Macau, and Taiwan kicked off 2025 by sealing 248 venture deals in January. <\/span><span style=\"font-weight: 400;\">The deal count\u2014up 3.8% compared with December\u2014continued a steady upswing that began in October <\/span><span style=\"font-weight: 400;\">2024 and reached a 12-month high, show proprietary data compiled by DealStreetAsia.<\/span><\/p><p><span style=\"font-weight: 400;\">That said, the deal volume is still below year-ago levels. The number of venture funding transactions last month was 9.8% less than the 275 deals sealed in January 2024.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">At $2.9 billion, the total funding proceeds were 73.5% less than the record-setting December 2024 when almost $11 billion was raised. <\/span><\/p><p><span style=\"font-weight: 400;\">In particular, investors held back from signing off on megadeals\u2014transactions worth at least $100 million.<\/span><\/p><p><span style=\"font-weight: 400;\">Investors have been exercising caution given the unpredictability in the policies of Donald Trump, who commenced his second term as US President on January 20. <\/span><span style=\"font-weight: 400;\">China imposed tariffs against a number of US products in February in retaliation against Trump&#8217;s 10% tariff on Chinese goods imposed on February 1. <\/span><\/p><p><span style=\"font-weight: 400;\">The tit-for-tat between Beijing and Washington is set to continue.\u00a0<\/span><\/p><p><img decoding=\"async\" class=\"aligncenter wp-image-429808 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2025\/02\/MoM-scaled-e1739260930598.jpg\" alt=\"\" width=\"2483\" height=\"1429\" \/><\/p><h3>Temasek backs battery materials maker<\/h3><p><span style=\"font-weight: 400;\">Unlike the EV sector-led <a href=\"https:\/\/www.dealstreetasia.com\/stories\/china-deal-review-dec-2-426105\">megadeal bounty of December 2024<\/a>, January saw only seven <\/span><span style=\"font-weight: 400;\">megadeals that raised a combined $843.2 million, or 29% of the month&#8217;s total deal value. <\/span><span style=\"font-weight: 400;\">What&#8217;s more, billion-dollar deals were completely elusive. In comparison, there were 14 megadeals in December including four transactions north of $1 billion.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Inventchip Technology, which provides silicon carbide (SiC) power devices and integrated circuit solutions, sealed the biggest venture deal of the month. The firm bagged <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/inventchip-series-c-round-427221\"><span style=\"font-weight: 400;\">1 billion yuan<\/span><\/a><span style=\"font-weight: 400;\"> ($137.5 million) in the first tranche of its Series C round led by the state-owned National Manufacturing Transformation and Upgrading Fund.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The second largest deal of the month was clinched by the advanced battery materials maker Yangzhou Nanopore Innovative Materials Technology, in which Singapore state investor Temasek led a\u00a0<\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/greater-china-deal-monitor-3-429514\"><span style=\"font-weight: 400;\">1 billion yuan<\/span><\/a><span style=\"font-weight: 400;\"> ($137.2 million) Series A+ financing round.<\/span><\/p><p><span style=\"font-weight: 400;\">The rest of the megadeals were scattered across sectors including software, automobile parts, robotics, and biotechnology.\u00a0<\/span><\/p><p><img decoding=\"async\" class=\"aligncenter wp-image-429811 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2025\/02\/Screenshot-2025-02-11-at-1.21.54\u202fPM-e1739261447766.png\" alt=\"\" width=\"2798\" height=\"1540\" \/><\/p><p><span style=\"font-weight: 400;\">Early-stage investments dominated the country\u2019s venture scene, accounting for 48.4% of the total deal count, despite contributing only $950 million, or 32.7% of the month\u2019s total proceeds.<\/span><\/p><p><span style=\"font-weight: 400;\">January saw an uptick in late-stage dealmaking, with a total of seven transactions taking place at Series E or later stages. <\/span><\/p><p><span style=\"font-weight: 400;\">Chinese listings in Hong Kong and the US have been on an uptrend since the second half of 2024. The momentum, which is expected to sustain in 2025, bodes well for late-stage dealmaking.<\/span><\/p><h3 style=\"text-align: center;\"><strong>List of megadeals in China (Jan 2025)<\/strong><\/h3><p style=\"text-align: center;\">\n<table id=\"tablepress-137\" class=\"tablepress tablepress-id-137\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Startup<\/th><th class=\"column-2\">Headquarters<\/th><th class=\"column-3\">Investment size (Million USD)<\/th><th class=\"column-4\">Unspecified size<\/th><th class=\"column-5\">Investment stage<\/th><th class=\"column-6\">Lead investor(s)<\/th><th class=\"column-7\">Other investor(s)<\/th><th class=\"column-8\">Industry\/Sector<\/th><th class=\"column-9\">Vertical<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">Inventchip Technology<\/td><td class=\"column-2\">Shanghai<\/td><td class=\"column-3\">137.5<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">C1<\/td><td class=\"column-6\">National Manufacturing Transformation and Upgrading Fund<\/td><td class=\"column-7\">CICC Capital, Goldstone Investment (affiliated with CITIC Securities), Xinxin <\/td><td class=\"column-8\">Semiconductor<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Nanopore lnnovative Materials Technology<\/td><td class=\"column-2\">Yangzhou<\/td><td class=\"column-3\">137.2<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">A+<\/td><td class=\"column-6\">Temasek <\/td><td class=\"column-7\">Glory Ventures, CICC Capital, Chobe Capital, Shanghai Hemu, Oppenheimer Generations, TPC Group, Beyond Ventures<\/td><td class=\"column-8\">Energy Storage &amp; Batteries<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">UniVista lndustrial Software Group<\/td><td class=\"column-2\">Shanghai<\/td><td class=\"column-3\">136.4<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">A<\/td><td class=\"column-6\">Pudong Leading Area Sci-Tech Innovation Fund (affiliated with Shanghai Pudong Venture Capital)<\/td><td class=\"column-7\"><\/td><td class=\"column-8\">Software<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">Yonghang Technology (controlled by Tencent Holdings; assets including QQ Dance, QQ Dance II, QQ Dance Mobile, and other games)<\/td><td class=\"column-2\">Beijing<\/td><td class=\"column-3\">113.9<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">Acquisition<\/td><td class=\"column-6\">China Ruyi Holdings Limited<\/td><td class=\"column-7\"><\/td><td class=\"column-8\">Software<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">Shenghuabo Electric Appliance Corporation<\/td><td class=\"column-2\">Rui&#8217;an<\/td><td class=\"column-3\">109.1<\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td><td class=\"column-7\">Wenzhou State-Owned Financial Capital Management, Yueke Fund of Funds Investment Management, Rui&#8217;an City Industry Fund <\/td><td class=\"column-8\">Automobiles &amp; Parts<\/td><td class=\"column-9\">N\/A<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">Fourier<\/td><td class=\"column-2\">Shanghai<\/td><td class=\"column-3\">109.1<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">E<\/td><td class=\"column-6\">Guoxin Investment<\/td><td class=\"column-7\">Shanghai Pudong Venture Capital, Zhangjiang Science &amp; Technology Venture Capital, Zhangke Yaokun Fund, Prosperity7 Ventures, PEAKVEST<\/td><td class=\"column-8\">Business Support Services<\/td><td class=\"column-9\">Robotics &amp; Drones<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">Insilico Medicine<\/td><td class=\"column-2\">Hong Kong, Boston<\/td><td class=\"column-3\">100<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">E<\/td><td class=\"column-6\"><\/td><td class=\"column-7\">Value Partners Group, Pudong Venture Capital, Puxing Xietong Fund, Wuxi Venture Capital Group, Yixing State-Owned Investment Group<\/td><td class=\"column-8\">Pharmaceutical<\/td><td class=\"column-9\">HealthTech<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-137 from cache --><\/p><h3>Five HK startups capture investor attention<\/h3><p><span style=\"font-weight: 400;\">Hong Kong emerged as one rare startup hotspot in January as a total of five startups based in the city snapped funding from a mix of international and local investors in the month. These are AI-driven drug discovery firm <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/insilico-fresh-funding-425443\"><span style=\"font-weight: 400;\">Insilico Medicine<\/span><\/a><span style=\"font-weight: 400;\">; construction tech <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/betatron-venture-group-varadise-425951\"><span style=\"font-weight: 400;\">Varadise<\/span><\/a><span style=\"font-weight: 400;\">; insurtech firm <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/aift-dubai-insurance-company-427486\"><span style=\"font-weight: 400;\">AIFT<\/span><\/a><span style=\"font-weight: 400;\">; luxury watch platform <\/span><a href=\"https:\/\/www.dealstreetasia.com\/stories\/mbappe-greater-china-deals-428224\"><span style=\"font-weight: 400;\">Wristcheck<\/span><\/a><span style=\"font-weight: 400;\">; and electricity-free cooling technology firm i2Cool.\u00a0\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The five deals recorded in January were far more than the four investments into Hong Kong-based firms seen in Q4 2024.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Two Chinese tech firms set up a presence in the city recently.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">DeepSeek, a Chinese AI firm that has taken the world by storm thanks to its success in developing language models that rival those developed by US tech giants, registered two firms in Hong Kong; while TikTok rival Xiaohongshu rented a 7,000-square-foot office in one of the city\u2019s prime districts, Causeway Bay, according to two separate news reports. <\/span><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-429812 size-full\" src=\"https:\/\/dealstreetwebsite.s3.amazonaws.com\/uploads\/2025\/02\/By-Industry-scaled-e1739261660569.jpg\" alt=\"\" width=\"2504\" height=\"1723\" \/><\/p><p>Semiconductors continued to take the lead in deal count, with the completion of 39 transactions. But it remains to be seen if the sector will sustain the momentum seen in Q4 2024 when 96 deals were sealed. Q4 2024 saw deal count <span style=\"font-weight: 400;\">grow 20% QoQ but was still down 11.1% over the same period in 2023. <\/span><\/p><h3>Top investor: Shenzhen Capital Group<\/h3><p><span style=\"font-weight: 400;\">Shenzhen Capital Group, a venture capital and private equity investment firm set up by the Shenzhen government in 1999, participated in six deals to top the investor list. The six investee startups raised a total of $44.8 million.<\/span><\/p><p><span style=\"font-weight: 400;\">Formerly known as Shenzhen Innovation and Technology Investment Company, the firm covers\u00a0<\/span><span style=\"font-weight: 400;\">equity investment, fund of funds, mutual funds, and asset securitisation, among others. It has assets under management of over 480 billion yuan ($65.7 billion), according to its website.<br \/><\/span><\/p><h3 style=\"text-align: center;\">Most active investors in China (January 2025)<\/h3><p style=\"text-align: center;\">\n<table id=\"tablepress-138\" class=\"tablepress tablepress-id-138\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Investment company<\/th><th class=\"column-2\">No. of deals<\/th><th class=\"column-3\">Total value of participated deals (Million USD)<\/th><th class=\"column-4\">Lead<\/th><th class=\"column-5\">Non-lead<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">Shenzhen Capital Group<\/td><td class=\"column-2\">6<\/td><td class=\"column-3\">$44.8<\/td><td class=\"column-4\">3<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Addor Capital <\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">$31<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">Pudong Innovation Investment<\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">$51.6<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">5<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">State Development and Investment Corporation (SDIC) &amp; subsidiaries<\/td><td class=\"column-2\">5<\/td><td class=\"column-3\">$14<\/td><td class=\"column-4\">4<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">HongShan (previously Sequoia Capital China)<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">$19.1<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">CICC Capital<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">$69.3<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">Fortune Capital<\/td><td class=\"column-2\">4<\/td><td class=\"column-3\">$46.1<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">4<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">Guangzhou Industrial Investment Holding Group (\u5e7f\u5dde\u4ea7\u6295)<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">$14<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">Hillhouse Capital Group &amp; subsidiaries <\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">$16.7<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">Shenzhen Credit Guarantee Group<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">$3<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n\t<td class=\"column-1\">Nanjing Innovation Capital Group <\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">$38<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-13 odd\">\n\t<td class=\"column-1\">Cowin Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">$17<\/td><td class=\"column-4\">3<\/td><td class=\"column-5\">0<\/td>\n<\/tr>\n<tr class=\"row-14 even\">\n\t<td class=\"column-1\">Long-Z Fund (affiliated with Meituan)<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">$23.7<\/td><td class=\"column-4\">2<\/td><td class=\"column-5\">1<\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n\t<td class=\"column-1\">YuanBio Venture Capital<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">$29.5<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n\t<td class=\"column-1\">Qiming Venture Partners<\/td><td class=\"column-2\">3<\/td><td class=\"column-3\">$37.7<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-138 from cache --><\/p><p><em>Note: In our monthly analysis for January 2025, we have put together detailed charts of prominent deals, active investors, deal stages, and the most attractive sectors that have bagged the maximum venture dollars in the Greater China region.<\/em><\/p><p><em>Our database only considers deals officially announced by the related investee, investor(s), and\/or financial advisor, while information based on market rumours and news reports citing sources is excluded.<\/em><\/p><p><em>For a more detailed analysis, and to enable comparison between primary and secondary markets, DealStreetAsia has started tracking deals of all sizes since April 2020, as against considering only transactions worth more than $10 million earlier.<\/em><\/p><p><em>We have also introduced a standardised system for industry classification. It currently includes over 50 industries, as well as over 45 new economy and high-tech verticals, which will progressively increase to adapt to local market conditions in our closely watched regions of Greater China, Southeast Asia, and India.<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ceba02c elementor-align-center viewReport elementor-widget elementor-widget-button\" data-id=\"ceba02c\" data-element_type=\"widget\" id=\"viewReportChina\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-size-sm\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">View Report<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div 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<\/ul>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-35c6a5f\" data-id=\"35c6a5f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-01e45f9 elementor-section-full_width dealPartner-Section elementor-section-height-default elementor-section-height-default\" data-id=\"01e45f9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0e0978e\" data-id=\"0e0978e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e642770 elementor-section-full_width elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-section-height-default elementor-section-height-default\" data-id=\"e642770\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-8e87de3\" data-id=\"8e87de3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd8be33 cover-fit-img elementor-widget elementor-widget-image\" data-id=\"cd8be33\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.dealstreetasia.com\/partner-content\/virtual-dealmaking-dfin-peter-mcmillan\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"587\" height=\"444\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2021\/10\/artical-img1.jpg\" class=\"attachment-full size-full wp-image-73\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2021\/10\/artical-img1.jpg 587w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2021\/10\/artical-img1-300x227.jpg 300w\" sizes=\"(max-width: 587px) 100vw, 587px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-inner-column elementor-element elementor-element-1d2c537\" data-id=\"1d2c537\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-007b2a6 elementor-widget elementor-widget-heading\" data-id=\"007b2a6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">\u2018In an era of virtual dealmaking, stakeholders tend to be more transparent\u2019 \u2013 DFIN\u2019s Peter McMillan<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9d6737 elementor-widget elementor-widget-text-editor\" data-id=\"b9d6737\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Over half the deals in the next 3 months will be hosted virtually according to 79% of the respondents in DFIN&#8217;s DealMaker Meter Survey. Peter McMillan, Head of Sales for APAC at DCIN speaks of the advantages of virtual dealmaking as well as the pitfalls to be avoided, in an exclusive interview with DealStreetAsia<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d548f4d elementor-widget elementor-widget-button\" data-id=\"d548f4d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.dealstreetasia.com\/partner-content\/virtual-dealmaking-dfin-peter-mcmillan\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Read Article 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elementor-section-height-default\" data-id=\"8c31d82\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-ca1ef33\" data-id=\"ca1ef33\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-3a97726\" data-id=\"3a97726\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-71063ee top-shadow elementor-widget elementor-widget-image\" data-id=\"71063ee\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.dfinsolutions.com\/?utm_source=marketing&#038;utm_medium=Paid-Displayt&#038;utm_offer=Website-Form&#038;utm_touch=DealStreetAsia-barometer-ads&#038;utm_content=from-idea-to-ipo&#038;utm_campaign=2021_Q3_APAC_GCM_PaidContent_Barometer&#038;sfcampid=7013b000001ZRmHAAW\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/08\/IPO_PatentToProspectus_Robot_1920x1080_April2024-2.jpg\" class=\"attachment-full size-full wp-image-4068\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/08\/IPO_PatentToProspectus_Robot_1920x1080_April2024-2.jpg 1920w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/08\/IPO_PatentToProspectus_Robot_1920x1080_April2024-2-300x169.jpg 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/08\/IPO_PatentToProspectus_Robot_1920x1080_April2024-2-1024x576.jpg 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/08\/IPO_PatentToProspectus_Robot_1920x1080_April2024-2-768x432.jpg 768w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/08\/IPO_PatentToProspectus_Robot_1920x1080_April2024-2-1536x864.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-8c271e5\" data-id=\"8c271e5\" data-element_type=\"column\">\n\t\t\t<div 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100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9e3bb95 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"9e3bb95\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e3d59d4\" data-id=\"e3d59d4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0c87a6e elementor-widget elementor-widget-text-editor\" data-id=\"0c87a6e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Venture Capital<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7866b92 elementor-position-left related-box elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"7866b92\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image-box .elementor-image-box-content{width:100%}@media (min-width:768px){.elementor-widget-image-box.elementor-position-left .elementor-image-box-wrapper,.elementor-widget-image-box.elementor-position-right .elementor-image-box-wrapper{display:flex}.elementor-widget-image-box.elementor-position-right .elementor-image-box-wrapper{text-align:right;flex-direction:row-reverse}.elementor-widget-image-box.elementor-position-left .elementor-image-box-wrapper{text-align:left;flex-direction:row}.elementor-widget-image-box.elementor-position-top .elementor-image-box-img{margin:auto}.elementor-widget-image-box.elementor-vertical-align-top .elementor-image-box-wrapper{align-items:flex-start}.elementor-widget-image-box.elementor-vertical-align-middle .elementor-image-box-wrapper{align-items:center}.elementor-widget-image-box.elementor-vertical-align-bottom .elementor-image-box-wrapper{align-items:flex-end}}@media (max-width:767px){.elementor-widget-image-box .elementor-image-box-img{margin-left:auto!important;margin-right:auto!important;margin-bottom:15px}}.elementor-widget-image-box .elementor-image-box-img{display:inline-block}.elementor-widget-image-box .elementor-image-box-title a{color:inherit}.elementor-widget-image-box .elementor-image-box-wrapper{text-align:center}.elementor-widget-image-box .elementor-image-box-description{margin:0}<\/style><div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-se-asia-jan-2025\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"1528\" height=\"854\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/SEA-jan.png\" class=\"attachment-full size-full wp-image-4398\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/SEA-jan.png 1528w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/SEA-jan-300x168.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/SEA-jan-1024x572.png 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/SEA-jan-768x429.png 768w\" sizes=\"(max-width: 1528px) 100vw, 1528px\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-se-asia-jan-2025\/\">SEA Deals Barometer Report: Startup funding plunges 80% to $136m in Jan<\/a><\/h3><p class=\"elementor-image-box-description\">Following a buoyant December that sparked optimism in Southeast Asia\u2019s startup ecosystem, January 2025 has cast a shadow over the revival in the region\u2019s fundraising landscape.\n\n<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fd78531\" data-id=\"fd78531\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-97ed822 elementor-widget elementor-widget-text-editor\" data-id=\"97ed822\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Venture Capital<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5341de7 elementor-position-left related-box elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"5341de7\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-india-jan-2025\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"1528\" height=\"860\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/India-Jan.png\" class=\"attachment-full size-full wp-image-4405\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/India-Jan.png 1528w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/India-Jan-300x169.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/India-Jan-1024x576.png 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2025\/02\/India-Jan-768x432.png 768w\" sizes=\"(max-width: 1528px) 100vw, 1528px\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-india-jan-2025\/\">India Deals Barometer Report: Startup fundraising hits 7-month high in Jan<\/a><\/h3><p class=\"elementor-image-box-description\">Startup fundraising in India got off to a flying start in 2025 as risk capital investors poured $1.83 billion into privately owned companies in January, a seven-month high. The amount raised from 125 deals represents an over 32% increase from December\u2019s $1.38 billion secured from 98 transactions, according to proprietary data collated by DealStreetAsia.\n\n<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Greater China Deals Barometer Report: Deal volume hits one-year high, but fundraising cools in Jan By Stephanie Li February 12, 2025 Startup funding volume in Greater China continued on its upward trajectory in January despite ongoing macroeconomic uncertainties and geopolitical tensions weighing on the market. Privately held companies headquartered in mainland China, Hong Kong, Macau, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":4404,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-parts\/elementor-sidebar-template.php","meta":{"footnotes":""},"class_list":["post-4420","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/4420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/comments?post=4420"}],"version-history":[{"count":5,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/4420\/revisions"}],"predecessor-version":[{"id":4427,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/4420\/revisions\/4427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media\/4404"}],"wp:attachment":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media?parent=4420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}