Greater China Deal Review: Q2 2025

Greater China Deal Review: Q2 2025

22 July, 2025

Fundraising by Greater China startups jumped 13% in Q2 over the previous quarter, fuelled by Tencent Music’s $2.4-billion acquisition of online audio platform Ximalaya. Startups headquartered in mainland China, Hong Kong, Taiwan, and Macau completed 570 deals worth a total of $10.8 billion in the April-June period.

Download the report for insights on:

  • Quarterly and yearly startup fundraising trends
  • Top deals of Q2 2025
  • Most favoured industries by venture investors
  • Top IPOs by Greater China firms in H1 2025 and pending large-cap IPOs
  • Insights from prominent China-focused private market participants

 

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