China in the Global Healthcare Ecosystem
Covid-19 has not thwarted private, venture-backed healthcare companies from raising money and closing active deals.
VC-backed companies in China raised $6.7B (19% of global investment) in 2020
Biopharma leads other sectors with $3.4B invested, followed by dx/tools with $1.8B
Macroeconomic forces have not inhibited cross-border activity
In 2020, there has been an uptick in China-based investors participating in US and European deals
VC-backed companies have raised $4B+ on China’s public exchanges
This year, China has seen 18 companies IPO with a $1B+ market cap, led by the biopharma sector.