{"id":82164,"date":"2021-03-04T14:16:30","date_gmt":"2021-03-04T06:16:30","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=287008"},"modified":"2021-03-04T14:16:30","modified_gmt":"2021-03-04T06:16:30","slug":"edtech-startups-help-china-dominate-globaldatas-list-of-top-five-vc-funded-companies-in-apac-in-2020","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2021\/03\/04\/edtech-startups-help-china-dominate-globaldatas-list-of-top-five-vc-funded-companies-in-apac-in-2020\/","title":{"rendered":"EdTech startups help China dominate GlobalData\u2019s list of top five VC funded companies in APAC in 2020"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" ><img src=\"https:\/\/www.mediaintel.asia\/wp-content\/uploads\/mediaintelasia-logo-blackyellow-400x300-1.png\" border=\"0\" width=\"200\" height=\"150\" alt=\"MediaIntel.Asia\"><\/a><\/div>\n<p>EdTech startups help China dominate GlobalData\u2019s list of top five VC funded companies in APAC in 2020 04 Mar 2021 EdTech startups help China dominate GlobalData\u2019s list of top five VC funded companies in APAC in 2020 Posted in Business Fundamentals<br \/>\nChina is the largest economy in the Asia-Pacific (APAC) region and has a conducive startup ecosystem. As a result, China-based startups, which are at the forefront of innovation in emerging technologies, are able to attract investors\u2019 attention. This reflects in GlobalData\u2019s list of top five VC funded companies in APAC in 2020, where all the top five venture capital (VC) funded companies in the region were headquartered in China.<br \/>\nAurojyoti Bose, Lead comments: \u201cThe COVID-19 pandemic has forced both the companies and people to adopt the latest technologies to realign with the challenges. Against this backdrop, companies which are into communication technologies are scrambling to raise funds to upgrade as well as stay ahead of the competition.\u201d<br \/>\nZhenguanyu Tech managed to grab the highest VC funding among all the companies during 2020. The company, which is active in the EdTech space, raised a total of US$3.5bn.<br \/>\nAnother Chinese EdTech firm Zuoyebang raised US$2.35bn and managed to take the third spot in APAC\u2019s top five VC funded companies list.<br \/>\nMr Bose explains: \u201cEdTech is an area that has been gaining significant relevance with COVID-19 outbreak ensuing growing adoption of online education platforms and companies active in this area are being on investors\u2019 radar.\u201d<br \/>\nOther Chinese companies to secure a place in the top 2020 list include Ruili Integrated Circuit, Manbang Group and WM Motor with total disclosed funding value of US$2.39bn, US$1.7bn, and US$1.47bn, respectively. While Ruili Integrated Circuit is into the development of memory chips, Manbang Group offers a mobile truck-hailing platform, and WM Motor is an emerging player in China\u2019s electric vehicle market.<\/p>\n<p>This data comes from <a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" >MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EdTech startups help China dominate GlobalData\u2019s list of top five VC funded companies in APAC in 2020 04 Mar 2021 EdTech startups help China dominate GlobalData\u2019s list of top five VC funded companies in APAC in 2020 Posted in Business Fundamentals<br \/>\nChi&#8230;<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[144,586,325,30,194,1542,1623],"tags":[10424,3472,10324,6389,10327,10328],"class_list":["post-82164","post","type-post","status-publish","format-standard","hentry","category-china","category-economy","category-education","category-mobile","category-news-chinese-law","category-technology","category-venture-capital","tag-china-general-news","tag-chinese","tag-covid-19","tag-electric-vehicle","tag-pacific","tag-pandemic"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/82164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=82164"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/82164\/revisions"}],"predecessor-version":[{"id":82165,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/82164\/revisions\/82165"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=82164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=82164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=82164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}