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VC Funds Flee China, Head For Southeast Asia, India – Nikkei

VC funds focused on Southeast Asia and India have raised $3.1 billion this year against $3.5 billion the whole of last year, the report said


Four major Chinese state entities said on Friday they will voluntarily delist from US markets.
The four Chinese state enterprises, which are among more than 270 Chinese firms listed on US exchanges that must submit to unfettered audit access, will keep their listings in Hong Kong and mainland Chinese, they say. Photo: Reuters.

 

China’s tough crackdown on large tech platforms and drastic ‘zero-Covid’ policy measures have led to the flight of venture capital funds to Southeast Asia and India, Nikkei Asia reported, citing data from research firm Preqin.

VC funds focused on Southeast Asia and India have raised $3.1 billion this year against $3.5 billion the whole of last year, the report said, adding that China-focused VC funds raised just $2.1 billion against the $27.2 billion they raised in 2021.

 

Read the  full report: Nikkei Asia.

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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