Startup financing in Greater China continued its strong momentum from 2025 to cross the $20-billion mark in Q1 2026, a two-year high. Deal volume surged to a record 714, the highest in at least six years. Megadeal financing, which grew a whopping 76% to $12.6 billion, was a major factor driving up deal value and volume in the quarter. The strong Q1 performance was also backed by continued momentum in exit activity. However, IPO activity by Greater China companies suffered a significant setback during the quarter.
