Despite January being a historically weak month in Greater China for private equity and venture capital dealmaking, due to the week-long Lunar New Year holidays, startup fundraising held up smartly last month.
In the first month of 2023, privately-held companies headquartered in mainland China, Hong Kong, Macau, and Taiwan raised $5.42 billion — only a tad lower than the previous month’s $5.47 billion, show proprietary data compiled by DealStreetAsia.