Chinese clean energy firms dominate top 10 VC deals globally amid tough market: Preqin [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
The five China deals primarily involved companies in the supply chain for battery-powered and hybrid vehicles, according to Preqin, which provides data on private capital and hedge funds. Together, these deals raised US$2.93 billion from private investors - mainly domestic institutions - in the year's first six months, or 65 per cent of the US$4.5 billion raised by the top 10 deals involving low-carbon energy globally. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. China's dominance in the first half builds on a trend. In 2022, the aggregate volume of clean energy deals in China reached US$12 billion, surpassing the US at US$11.6 billion. In 2023, China's deal volume for clean energy increased 22 per cent to almost US$15 billion - more than double the US total of US$7 billion - with
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