Global Venture Funding Drops 30% as China Helps Drag Market Down

(Bloomberg) — Global venture capital funding declined 30% in the first quarter, continuing its slump as investors remain cautious amid sputtering economies and a sluggish market for stock-market debuts.

China’s 40% decrease helped pull the market down, while the U.S. saw a 29% drop, according to data collected by research firm Preqin. The overall worldwide haul by startups shrank to $57.8 billion in the first three months.