Privately-held companies headquartered in Greater China raised nearly $11.3 billion in the second quarter of this year, registering a sharp 33.5% year-on-year decline, finds our latest report .

A drop in the number of megadeals—these are transactions worth $100 million and more—meant that the market’s record 605 deals could not prop up its quarterly performance, according to Greater China Deal Review: Q2 2022 .

Greater China startups record 33.5% yearly slump in deal value in Q2 as megadeals become scarce comes via ChinaTechNews.com.