China is one of the world’s leading players when it comes to “supergiant” venture capital rounds worth USD$100 million or more, according to data compiled by Crunchbase.
According to a report from Techcrunch data from Crunchbase indicates that July was a record-breaking month for global VC deals, with a total of 55 supergiant VC rounds and more than $15 billion raised by nine and 10-figure mega-rounds alone.
China has rapidly emerged as one of the top powers in global venture capital over the past five years, accounting for six of the 10 biggest VC rounds in July.
According to Techcrunch Chinese companies have consistently accounted for around 30 to 40% of supergiant VC rounds during any given six-month period for the past several years.
Since 2017 Chinese and US start-ups have also accounted for approximately the same number of supergiant venture rounds.