• Chengdu is ranked #6 on global venture capital growth cities. More below.
Hefei takes the number one spot with the highest growth score at 86.5.
Other Chinese cities such as Wuxi, Chengdu and Nanjing take the top 10 cities with all getting growth scores above 50.
Other Asian cities such as Tokyo and Singapore also made it on the list. Tokyo ranked third globally in fundraising value, raising $179.6 billion in the last six years.
Economic recovery post covid is still slow, many entrepreneurs shy away from big growth sprees to avoid “unnecessary attention and risks”.
Sources: Visual Capitalist, PitchBook, KrAsia, China’s State Council
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