China Could Dominate Venture Capital in 2019
What China’s top 30 investors expect for the industry and their startup picks in the midst of a funding ‘winter’.
In 2016 China’s venture capital (VC) market exploded to US$50 billion — almost equal to the US.
In 2017 KPMG reported that this number cooled to US$40 billion; but China still accounted for 26% of global VC investments.
In April 2018 INSEAD released a report that predicted China’s VC market will exceed the US to dominate the world in 2019 or 2020.
Despite all these, the world’s focus is still on Silicon Valley as the driver of startups and venture capital. Mainstream media seldom report VC deals and trends in China.
‘Behind the Great Wall’ will attempt to fill part of that gap by kicking off 2019 with a look at what China’s top VCs are thinking about. PEdaily.cn asked 30 of them for their thoughts on 2019 and published a 10,000 words article based on the responses. The following is condensed from the original Chinese version.
Industry outlook — Startup funding ‘winter’
“Fund raising in the whole venture capital industry is falling off a cliff, so funding panic will hit in 2019.”
