A total of 29 VC funds were raised by foreign and domestic institutions in Chinese market in Q1’12, down 66.7% year-on-year, hitting an all-time low. China VCPE Market Review 2012Q1_EN.pdf
  A total of 29 VC funds were raised by foreign and domestic institutions in Chinese market in Q1’12, down 66.7% year-on-year, hitting an all-time low.