In 2024, the venture funding market in Asia experienced a downturn, totaling $65.8 billion, matching the low from 2014. China significantly contributed to this decline, with its venture funding dropping 32% to $33.2 billion, marking the lowest level since 2014. Despite challenges, China led in large funding rounds, securing four of the six rounds exceeding $1 billion, particularly in the artificial intelligence, automotive, and semiconductor sectors. In the fourth quarter, China saw a 20% increase in investment from the previous quarter, though this was still 46% lower than the same period in 2023. Singapore's market declined by 39%, raising $4.9 billion, with a major funding event of $1 billion for GDS International occurring in October. Israel’s funding fell to $3.1 billion, down 26% from the previous year, affected by geopolitical issues. Conversely, India’s funding grew by 5% to $13.2 billion, highlighted by a $1 billion investment in renewable energy. Japan experienced a 62% increase, reaching $4.2 billion, the highest since 2021. Overall, the decline in China's venture funding overshadowed the improvements in other countries.

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