Government data: China's internet companies raised $3.51B in Q1 2022, down 76.7% YoY from $15B+, while the number of fundraising deals declined 38.3% YoY (Xinmei Shen/South China Morning Post)

May 1, 2022

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Xinmei Shen / South China Morning Post:

Government data: China’s internet companies raised $3.51B in Q1 2022, down 76.7% YoY from $15B+, while the number of fundraising deals declined 38.3% YoY  —  Plunge in funding follows an intense period of regulatory action that has targeted some of China’s biggest internet companies.



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