Tech
Government data: China’s internet companies raised $3.51 billion in Q1 2022, down 76.7% year-on-year from $15 billion or more, while number of fundraising deals down 38.3% year-on-year (Xinmei Shen / South China Morning Post)
Xinmei Shen / South China Morning Post:
Government data: China’s internet companies raised $3.51 billion in Q1 2022, down 76.7% year-on-year from $15 billion or more, while number of fundraising transactions down 38.3% year-on-yearLabor funding follows an intense period of legal action against some of China’s biggest internet companies.
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