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by Roxanne Liu and Kane Wu
BEIJING/HONG KONG (Reuters) – Fundraising for China-focused venture capital is set to have its weakest first half in at least eight years, data from research firm Preqin showed. A faltering economic recovery and U.S.-China tensions have rattled investors and start-ups.
Concern over the impact of the weaker business environment on startup prospects and valuations could mean a turnaround Investors and advisors say fundraising It may take time, as venture funds take longer to evaluate potential deals.
compared to $4. Billion and $4. Equivalent to RMB 1 billion from January to June last year, a far cry from their respective peaks of about US$5. and $.
However, the nascent artificial intelligence-generated content (AIGC) industry is likely to generate meaningful deal activity in the second half of the year, according to investors and advisors. Especially dollar-denominated venture funds.
