The VC market in Asia remained soft in Q4'19. In the last quarter, VC-backed companies in the Asia region raised across 1,021 deals, said a report by KPMG.

Despite two $1 billion deals in the final quarter of the year, the region's total annual VC investment in 2019 was less than the $126 billion seen in 2018.

While there were challenges for Asia's VC market