News Snapshot: China’s startup ecosystem, which produced several world-leading companies, has been in the news in the recent past about the impact of the government regulations on the venture capital (VC) market. However, China had a reasonably good H1 2021 despite the uncertain conditions due to the COVID-19 pandemic and regulatory shakeups. Now, GlobalData, a leading data and analytics company, reveals that Chinese startups raised the highest VC funding amount among all the Asia-Pacific (APAC) countries during January to July 2021. An analysis of GlobalData’s Financial Deals Database shows that a total of 2,246 VC funding deals were announced in China during…
