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Laxman Pai, Opalesque Asia:

VC investment in Asia plummeted during Q4'24 as all key jurisdictions in the region saw investors pressing pause, according to KPMG Private Enterprise quarterly global report on venture capital trends.

While China continued to attract the largest share of investment in the region, including the quarter's largest VC deal - a $1.1 billion raise by alternative energy company CNNP Rich Energy - megadeals were in short supply in the country during the quarter, said the report 'Venture Pulse Q4 2024'.

VC investment also fell in India and Japan, although the level of investment in Japan remained robust compared to historical trends.

AI continued to attract a significant amount of interest from VC investors across Asia during Q4'24. During the quarter, China-based Didi Autonomous Driving raised a $298 million funding round.

VC investors in Asia have embraced the applicability of AI to industry solutions, showing significant interest in startups able to apply AI to the challenges of different market sectors; for example, the use if AI to drive more efficient biotech research or the development of more efficient cleantech solutions.

Meanwhile, VC investment in China remained very slow in Q4'24 as VC investors held back from deploying capital in the market given the challenging economic environment.

VC investment was quite muted in India during Q4'24, despite relatively strong market activity. The slowdown in completed de......................

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