China Drives Record Venture Capital Dealmaking In Asia By Preqin on August 30, 2017 9:10 pm in Business 2017 sees largest ever venture capital deal announced, but fundraising and exit activity fail to match pace The boom in venture capital activity in Asia reached new heights in Q2 2017: the quarter saw a record $47bn in deals announced, including the $5.5bn financing of Didi Chuxing, which became the largest venture capital deal ever. In 2017 so far, Asia represents almost half of global venture capital deal value, the largest proportion of any region. However, fundraising and exit activity is not showing the same level of growth: Asia-focused venture capital fundraising peaked at $11bn in Q3 2014, but since then has trended downward, and in Q1 2017 venture capital funds secured just $1.8bn for the region. At the same time, exit activity for Asian ventur...