Chinese Startups are Dominating the APAC VC Landscape, Says GlobalData

Chinese Startups acquired a lion’s share of the VC investments in the APAC region in the first few quarters of FY 2021-22. According to GlobalData, a total of 3,012 VC funding deals were announced in China during Q1-Q3 2021 while the disclosed funding value stood at US$72 Billion. GlobalData is a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals that China accounted for close to 50% of the total VC funding deals announced in the region and around 60% of the corresponding deal-value.

August 2021 witnessed improvement in VC funding activity, both in terms of value as well as volume, but the momentum could not be sustained. September witnessed a decline in VC funding activity both in terms of value and value compared to the previous month.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The fact that the China startup ecosystem continues to dominate the APAC VC landscape despite the COVID-19 pandemic and regulatory shakeup is a testament to its potential.”

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Some of the notable VC funding deals announced during January to September 2021 in China include US$1.6bn raised by SVOLT Energy, US$1.5bn capital raised by Horizon Robotics, US$750m capital raised by Beijing Shihui Technology, US$700m funding raised by Abogen Biosciences, US$700m funding raised by Dingdong Maicai and US$600m raised by Qingju.

Mr Bose concludes: “Despite investors adopting a cautious approach and deal activity remaining volatile for most of the period, China managed to witness the announcement of some big-ticket deals, which helped it register a sizeable cumulative funding value.

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