As the coronavirus outbreak continued to disrupt economic and business activities, the Chinese venture market continued to drop further in February. A total of 111 deals were announced last month, with total deal value of US$2.2 billion. That compares to 123 deals with combined deal value of US$2.75 billion in January, 2020. A year ago, an aggregate of 155 financing deals worth about US$4.5 billion were recorded in February 2019.
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