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Laxman Pai, Opalesque Asia:

The Asia-Pacific region attracted $48.1 billion in VC investment across 2,616 deals during Q3 2021, the second-highest quarter of VC investment after Q2 2018, said a study.

According to the Q3 2021 edition of Venture Pulse published by KPMG, China attracted close to half of this total with $23.7 billion raised. During Q3 2021, China's central government introduced new rules for tutoring companies and banned all cryptocurrency transactions.

Despite these and other regulatory changes, hardware, healthcare, and consumer market companies continued to raise large VC rounds in China. During Q3 2021, China's largest deals included energy storage company Svolt ($1.58 billion), life sciences firm AbogenBio ($700 million), and 5G tech company CICT Mobile ($569 million).

During Q3'21, China's central government announced new implementation guidance related to Chinese companies listing overseas, including plans to enhance oversight and improve regulations related to overseas data flows and data security4, tightened regulations related to after-school tutoring programs and companies, and banned all cryptocurrency transactions.

VC investment in India smashed previous records, more than doubling from its previous quarterly high of $6.7 billion in Q2'21 to $14.4 billion during Q3 2021. India also saw a record 498 VC deals during the quarter - up from 376 the previous quarter.

India accounted for four of the largest deals in the......................

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