Dealogic: foreign capital in China’s VC industry fell 60% YoY to $3.7B in 2023, just 10% of the 2021 peak, leading to an expansion of state-backed funds (South China Morning Post)

South China Morning Post:
Dealogic: foreign capital in China's VC industry fell 60% YoY to $3.7B in 2023, just 10% of the 2021 peak, leading to an expansion of state-backed funds  —  - International investors in China's most successful unicorns, including TikTok owner ByteDance and fashion giant Shein, are still waiting to cash out