VC Funding In China Falls 23% In 2024

New Delhi: As venture capital (VC) funding surged in India this year, China saw a 22.5 per cent decline in VC funding by both volume and value in the January-November period, a report showed on Thursday.

A total of 2,313 VC funding deals were announced in China during January-November 2024, while the total disclosed funding value of these deals stood at $32.3 billion, according to GlobalData, a leading data and analytics company.

This represents a year-on-year (YoY) decline of 23.1 per cent in VC deal volume, whereas the total disclosed funding value fell by 22.5 per cent, according to GlobalData, a leading data and analytics company.In the same period last year, a total of 3,006 VC deals were announced in China while the total disclosed funding value of these deals was $41.7 billion.

According to Aurojyoti Bose, lead analyst at GlobalData, VC funding activity in China has continued to remain subdued in 2024.