Employees of the e-commerce startup ‘gogoand’ working on their website in Shanghai. Start-ups in China accounted for 47 per cent of the world’s venture capital funding in the three months ended June, compared with a combined 35 per cent for the US and Canada, according to a report by Crunchbase. Photo: AFPEmployees of the e-commerce startup ‘gogoand’ working on their website in Shanghai. Start-ups in China accounted for 47 per cent of the world’s venture capital funding in the three months ended June, compared with a combined 35 per cent for the US and Canada, according to a report by Crunchbase. Photo: AFP
Employees of the e-commerce startup ‘gogoand’ working on their website in Shanghai. Start-ups in China accounted for 47 per cent of the world’s venture capital funding in the three months ended June, compared with a combined 35 per cent for the US and Canada, according to a report by Crunchbase. Photo: AFP
Tech

China surpasses North America in attracting venture capital funding for first time as investors chase 1.4 billion consumers

China start-ups accounted for 47 per cent of the world’s venture capital funding in the second quarter, the first time the country has surpassed North America in fundraising

Topic |   Technology
Yingzhi Yang
Yingzhi Yang

Updated: 9:47am, 5 Jul, 2018

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Employees of the e-commerce startup ‘gogoand’ working on their website in Shanghai. Start-ups in China accounted for 47 per cent of the world’s venture capital funding in the three months ended June, compared with a combined 35 per cent for the US and Canada, according to a report by Crunchbase. Photo: AFPEmployees of the e-commerce startup ‘gogoand’ working on their website in Shanghai. Start-ups in China accounted for 47 per cent of the world’s venture capital funding in the three months ended June, compared with a combined 35 per cent for the US and Canada, according to a report by Crunchbase. Photo: AFP
Employees of the e-commerce startup ‘gogoand’ working on their website in Shanghai. Start-ups in China accounted for 47 per cent of the world’s venture capital funding in the three months ended June, compared with a combined 35 per cent for the US and Canada, according to a report by Crunchbase. Photo: AFP
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