糖心视频

This year has not been kind to China in terms of its companies pulling in large rounds of venture capital. There have been big rounds (think , ) but not nearly as many as there were just last year.

Subscribe to the Crunchbase Daily

At the end of Q2, we wrote about how China had fallen behind the United States and the rest of the world in terms of the number of supergiant venture rounds its companies were pulling. We define 鈥渟upergiant rounds鈥� as those of $100 million or more. It鈥檚 an eye-popping amount, yet at the same time, supergiant rounds have become more and more common as ample amounts of capital slush around in the market.

And now that Q3 has ended, we鈥檙e here to report that China鈥檚 third-place spot hasn鈥檛 changed.

Companies based in the United States brought in the largest number of supergiant rounds during the third quarter, with going to the U.S. That鈥檚 down slightly from last quarter when U.S.-based companies raised 66 supergiant rounds over the course of the three-month period.

China鈥檚 supergiant round status stayed about the same during Q3 as it did for Q2鈥攖here were , as opposed to 20 in Q2.

The number of supergiant rounds in China hit its peak during the third quarter of 2018. That number鈥檚 seen a significant dip from 50 rounds in Q3 鈥�18 to 21 supergiant rounds in Q3 鈥�19.

But even at its peak in 2018, China had fallen behind the United States for the number of mega-rounds. It was still ahead of the rest of the world until the beginning of this year when China fell to third place.

China Lags

2019 hasn鈥檛 been a great year in terms of U.S.-China trade relations, and that could very well be a factor in China鈥檚 dip to third place.

The largest venture round for Q3 was . The self-driving technology company now has . And since Argo is based in Pittsburgh, that means the U.S. was the country to have a company pull in the largest funding round these past three months.

The largest venture round to go to a Chinese company during Q3 was . That number is nothing to sniff at, but it鈥檚 worth noting that China didn鈥檛 have any funding rounds that cracked the $1 billion mark.

China鈥檚 produced a number of startups that have become hugely popular both domestically and around the world (perhaps most notably , the parent company of popular video-meme app ). The third quarter also saw Chinese companies list on American stock exchanges or take the first steps to do so (think and ).

Venture dollars are also still flowing to the Chinese companies. But the big rounds鈥攋ust more than half of them鈥攁re still being pulled in by U.S. companies.

Now that Q3 is done, Crunchbase News will have more analyses on quarterly trends in the upcoming days. .

滨濒濒耻蝉迟谤补迟颈辞苍:听