A total of 1,880 venture capital (VC) funding deals of worth $29.1 billion were announced in China during the first half (H1) of 2022. Although this is the highest capital raised by startups in any Asia-Pacific country during the period, China experienced a 4.1% year-on-year (YoY) decline in VC deal volume and 38.5% drop in funding value, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that China’s VC funding activity experienced a massive month-on-month improvement in June 2022. While the VC funding value in June increased by 84%, deal volume increased by...