China VC2026-08-02 03:57:06Chinese VCs speed up fundraising as interest returns to tech dealsChinese venture capital firms are moving faster to raise new funds after three years of record weakness, according to the Financial Times, as investor appetite for China’s technology sector shows signs of recovery. Data from Asante Capital shows at least 60 new U.S. dollar-denominated funds are seeking to raise about $35 billion in total, with roughly 40 of them focused on venture investing. The report said firms including HSG, IDG Capital, Matrix Partners China and Future Capital Discovery Fund are marketing new vehicles or preparing to launch fundraising, while ZhenFund and Qiming Venture Partners have recently closed funds. Investor interest has been helped by progress at Chinese tech companies such as Zhipu and MiniMax, as well as advances tied to Moonshot AI, DeepSeek and robotics. Still, market participants told the Financial Times that this does not amount to a full return to boom conditions for Chinese venture capital. Instead, they described it as a selective reopening in U.S. dollar fundraising after three years at depressed levels. Preqin data cited in the report shows 1,105 China-related funds raised $150 billion in 2022, compared with just 97 funds raising $13.6 billion in 2025. The report also said some large U.S. investors remain cautious because of restrictions on sensitive technology investments, while capital from Europe and the Middle East has shown stronger interest.2330
China VC2026-08-02 03:56:41Chinese VC firms line up new dollar funds after three-year slump, targeting $35 billionChinese venture capital firms are stepping up fundraising after three years of record weakness, according to a Financial Times report cited by BlockBeats. Data from Asante Capital shows that at least 60 new U.S. dollar-denominated funds are collectively seeking about $35 billion, with roughly 40 of them focused on venture capital. Firms including HSG, IDG Capital, Matrix Partners China and Future Capital Discovery are marketing new funds or preparing launches, while ZhenFund and Qiming Venture Partners have recently closed fundraising. The renewed push is tied to stronger investor interest in China’s technology sector. The report said successful listings by companies such as Zhipu and MiniMax, along with progress by Moonshot AI, DeepSeek and robotics companies, have helped bring attention back to the market. Some investors are treating China AI exposure as a hedge against concentrated bets on the U.S., pointing to fierce cost competition among Chinese companies and lower-priced model services. Still, market participants said this does not mark a full return to boom conditions, but rather a selective reopening in dollar fundraising after three years at low levels.2790
