Enterprise curiosity in Chinese language firms stays muted after gradual 2022
Welcome to the second quarter, pals. It’s time to take inventory of simply what went down within the first three months of the yr, which implies a deluge of enterprise capital knowledge and yet one more earnings cycle.
I wish to begin our formal Q1 2023 enterprise lookback with China. PitchBook lately dropped some numbers regarding enterprise capital funding in China for 2022, and I’ve augmented it with a fast scan of Chinese language Q1 knowledge from the identical supply.
The ensuing image is certainly one of a rustic that’s seeing markedly smaller enterprise capital investments at a slower tempo than has been the case for a number of years.
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Early 2023 knowledge does little to dispel that impression.
Within the coming days, we’ll carve into world enterprise knowledge and dig deeper into what’s taking place in Europe, North America, Asia and Africa. At present, let’s deal with China, which is replete with tech firms popular outside its borders, and its financial system, which continues to be discovering its footing within the wake of erstwhile-draconian COVID restrictions. To work!