welcome to the second trimester, folks. It’s time to take stock of what happened in the first three months of the year, which means a deluge of VC data and another earnings cycle.
I want to start our formal Q1 2023 look back with China. PitchBook recently dropped some numbers related to VC funding in China for 2022, and I’ve expanded on that with a quick analysis of China Q1 data from the same source.
The resulting picture is of a country that is seeing noticeably smaller VC investments at a slower pace than it has for a few years.
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Data for early 2023 does little to dispel that impression.
Over the next few days, we’ll dig into data from global companies and delve into what’s happening in Europe, North America, Asia, and Africa. Today, let’s focus on China, which is teeming with popular tech companies outside its borders, and its economy, which is still finding its footing in the wake of once-draconian COVID restrictions. Work!
