Welcome to the second quarter, buddies. It’s time to take inventory of simply what went down within the first three months of the 12 months, which implies a deluge of enterprise capital knowledge and yet one more earnings cycle.

I wish to begin our formal Q1 2023 enterprise lookback with China. PitchBook just lately dropped some numbers referring to enterprise capital funding in China for 2022, and I’ve augmented it with a fast scan of Chinese language Q1 knowledge from the identical supply.

The ensuing image is considered one of a rustic that’s seeing markedly smaller enterprise capital investments at a slower tempo than has been the case for a number of years.

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Early 2023 knowledge does little to dispel that impression.

Within the coming days, we’ll carve into international enterprise knowledge and dig deeper into what’s occurring in Europe, North America, Asia and Africa. In the present day, let’s give attention to China, which is replete with tech firms popular outside its borders, and its economic system, which continues to be discovering its footing within the wake of erstwhile-draconian COVID restrictions. To work!

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