Government data: China's internet companies raised $3.51B in Q1 2022, down 76.7% YoY from $15B+, while the number of fundraising deals declined 38.3% YoY (Xinmei Shen/South China Morning Post)

Xinmei Shen / South China Morning Post:
Government data: China's internet companies raised $3.51B in Q1 2022, down 76.7% YoY from $15B+, while the number of fundraising deals declined 38.3% YoY  —  Plunge in funding follows an intense period of regulatory action that has targeted some of China's biggest internet companies.