Research: the value of VC deals in China fell 44% YoY to $24.7B in the first four months of 2022, which is nearly four times the pace of the global slide (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
Research: the value of VC deals in China fell 44% YoY to $24.7B in the first four months of 2022, which is nearly four times the pace of the global slide  —  China, once the primary rival to Silicon Valley's technology success, is now leading the global decline in venture capital investments.