Startups headquartered in Greater China raised more than $3.8 billion in PE-VC funding in May 2022, up 41.2% month-on-month. At 190, the deal volume also increased by 11.8% from April — a sign that funding activity in the second quarter will overtake the previous quarter’s performance as the post-pandemic recovery continues. The number of venture deals in April and May already amounts to 360, almost on par with the 363 deals clocked in January-March, according to proprietary data compiled by DealStreetAsia.