China drives Asia’s venture capital market with 6 of the top 10 quarterly deals: KPMG

China dominated Asia’s subdued venture capital scene in the second quarter, as state-backed investors poured money into sectors such as artificial intelligence (AI), electric vehicles (EV) and semiconductors to bolster the nation’s technological prowess. China accounted for six of the top 10 venture-capital investments in the Asia-Pacific region, according to a report published by KPMG on Thursday. A total of 2,155 deals worth US$17.4 billion were reached in the three months to June. The deal voRead More