Welcome at the second quarter, friends. It’s time to take stock of what’s happened in the first three months of the year, which means a deluge of venture capital data and yet another revenue cycle.
I want to begin our formal Q1 2023 review with China. PitchBook recently drop some numbers regarding venture capital financing in China for 2022, and I supplemented it with a quick scan of China Q1 data from the same source.
The resulting picture is that of a country clearly seeing smaller venture capital investment at a slower pace than it has been in recent years.
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Data from early 2023 cannot dispel that impression.
In the coming days, we’ll dig into global enterprise data and take a closer look at what’s happening in Europe, North America, Asia and Africa. Today, let’s focus on China, which is full of tech companies that are popular beyond its borders, and its economy, which is still gaining a foothold in the wake of the former draconian COVID restrictions. To work!
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