Greater China Deal Review: Q2 2023

Venture dealmaking in Greater China in Q2 2023 was characterised by a sharp fall in deal value despite deal volumes holding up.

The small uptick in deal count—up 2.8% quarter-on-quarter to 635—indicates that investors are keen to make new bets. However, the declining deal value—down 25% QoQ to under $11 billion—shows they are diversifying their investments by writing smaller cheques.