China’s tech sector has seen reduced venture capital investment over the past four months. Photo: Reuters
China’s tech sector has seen reduced venture capital investment over the past four months. Photo: Reuters

VC investment in China’s tech sector down more than 30 per cent in first quarter as coronavirus takes its toll

  • The number of investment deals also fell, from 1,143 in the first quarter last year to 634 in the same period this year, representing a 44.5 per cent decline
  • 336 start-ups in China were forced to cease operation last year, having collectively raised 17.4 billion yuan from investors

China’s tech sector has seen reduced venture capital investment over the past four months. Photo: Reuters
China’s tech sector has seen reduced venture capital investment over the past four months. Photo: Reuters
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