AI startup funding and exits in China

As of Nov 2, 2026, Aperture Tracker has tracked 970 early-stage AI funding rounds at startups in the dashboard's China region grouping, announced since Jan 2, 2023, with $11.04B in disclosed capital raised (209 rounds with a disclosed amount).

It has also counted 76 exits of startups in the dashboard's China region grouping announced since Jan 1, 2024, 75 of them with a disclosed exit value, totalling $259.9B in associated exit value.

Most rounds here do not disclose an exact amount: 209 of 970 (21.5%) have one. Ranges and approximate figures are left undisclosed rather than estimated, so capital totals cover disclosed amounts only.

Revised Oct 19, 2026: a validation pass merged rounds stored twice, moved later-stage and uncompleted rounds out of the deal counts and set approximate amounts to undisclosed, so China's disclosed capital fell from $12.89B to $9.92B while its round count rose. Figures quoted before that date reflect the earlier data.

Funding

China follows the same region grouping as the dashboard, which includes Hong Kong and Taiwan: 933 mainland China, 21 Hong Kong, 16 Taiwan. Counting mainland China alone would give 933 rounds.

Rounds tracked

970

Share of all tracked rounds

10.6% (970 of 9,138)

Disclosed capital raised

$11.04B across 209 rounds with a disclosed amount

Share of all disclosed capital

6.3% ($11.04B of $176.58B)

Median disclosed round

$14.0M

Largest company's share of disclosed capital

6.3%

Top three companies' share of disclosed capital

17.2%

AI classification

726 AI-native, 244 AI-enabled

Announced

Jan 2, 2023 to Nov 1, 2026

Last refresh

Nov 2, 2026

Exits

Scope: AI startups plus venture-backed tech companies exiting at $500M or more (and all listings), counted by announcement date from Jan 1, 2024. Exit value is the deal price for acquisitions and talent deals, and the market capitalisation at the IPO price for listings; exits without a disclosed value are counted but not valued, and the capital figures are associated exit value, not an amount any one party paid. The exits window is longer than the funding window because exits are not swept weekly. By headquarters country: 73 China, 2 Hong Kong, 1 Taiwan. A further 54 counted exits have no headquarters recorded and appear on no country or region page.

Exits counted

76

Share of all counted exits

10.7% (76 of 710)

With a disclosed exit value

75 of 76

Associated exit value

$259.9B across 75 exits with a disclosed value

Share of all associated exit value

9.0% ($259.9B of $2.87T)

Median valued exit

$1.59B

Largest exit's share of associated exit value

32.9%

Associated exit value without the largest exit

$174.3B across 74 exits

Top three exits' share of associated exit value

39.9%

AI classification

15 AI-native, 41 AI-enabled, 20 Not AI

Announced

Jan 1, 2024 to Nov 1, 2026

Explore the interactive views on the dashboard (funding) and the Exits tab; definitions are in the methodology.