3.7B - CityBusinessInfo

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CityBusinessInfo

Dealogic: overseas capital in China's VC business fell 60% YoY to .7B in 2023, simply 10% of the 2021 peak, resulting in an growth of state-backed funds (South China Morning Post)

July 17, 2024

Dealogic: overseas capital in China's VC business fell 60% YoY to $3.7B in 2023, simply 10% of the 2021 peak, resulting in an growth of state-backed funds (South China Morning Post)

Technology

Sources: Chinese social media startup Xiaohongshu reported its first revenue with 0M in web revenue on .7B income in 2023, and reached 312M MAUs, up 20% YoY (Financial Times)

March 24, 2024

Sources: Chinese social media startup Xiaohongshu reported its first revenue with $500M in web revenue on $3.7B income in 2023, and reached 312M MAUs, up 20% YoY (Financial Times)

Technology