With the recent crackdown by the CCP on Alipay, Didi, and now the education sector, will the changing and highly uncertain rules of the game in China result in venture funding falling even more dramatically in Q3?
Some thoughts below.
AND NOW, THE RESEARCH
Making big moves
Since the start of 2020, big tech (Facebook, Amazon, Microsoft, Google, and Apple) has invested in healthcare deals worth a total of $6.8B.
Right now, the primary sector in the crosshairs of Chinese regulators is the private education sector. The new restrictions will bar companies that engage in teaching school subjects from raising foreign investment, taking profits, or going public on foreign exchanges.
The idea of making an entire sector uninvestable — especially after this amount of capital has already poured in — will certainly have interesting implications for China.
When we look at the most active investors in China's education sector, we see it is populated with some of the smartest investors and corporations in China, ranging from Sequoia Capital to Tencent to Qiming Venture Partners.
We're thrilled to announce our first 4 speakers for this year’s Future of Health (December 8-9, online).
Get ready to hear from:
Co-founder and Co-CEO, GoodRX (NASDAQ: GDRX)
Global Chief Medical Officer and VP of Healthcare, Microsoft (NASDAQ: MSFT)
Executive Chairman and CEO, Transcarent (Livongo founder remaking the health & care experience)
Co-founder and Chief Health Officer, Cityblock Health (unicorn — $2.9B valuation)
This year’s event will also feature 40+ live demos of tech solutions introducing healthcare institutions to technologies that can transform their businesses.
With the likes of Tiger Global actively investing in India, there is already a lot of international money flowing into the market. With China appearing more inhospitable to foreign investment, it looks like this money will increasingly go to India.