China's venture capital fundraising totaled $1.97 billion in 2013, only half the amount raised during 2012, according to a report released by Dow Jones & Company.
Venture-backed IPOs also experienced massive declines. A total of 15 venture firm-backed IPOs were completed in 2013, a drop of 67% from 2012 and 85% fewer than in 2011.
2013 saw the fewest Chinese venture firm-backed IPOs since 2008 when just 12 were completed.
To read the original article: China Money Network − Chinese Venture Capital Fundraising Drops By 50% In 2013 - Tune in for China's Financial Markets and Investment Opportunities
