As the number of venture deals in Greater China slid further from August’s peak, October saw 178 startups raise a combined $5.1 billion. This included one megadeal that contributed almost half of the month’s total financing.
The deal count of 178 in October marked a decrease of 9.6% from the prior month. The deal value of $5.1 billion, meanwhile, was a 39.1% month-on-month (MoM) increase, according to proprietary data compiled by DealStreetAsia.