Chinese unicorns made Asia world's most active VC market in 2018: Preqin

ASIA has surpassed North America in venture capital (VC) deals in 2018, recording US$129 billion worth of deals for the year, as opposed to North America's US$113 billion, indicates a report by alternative assets data provider Preqin.

Globally, VC deals hit a record high of US$274 billion across 14,889 deals in 2018, according to the 2019 Preqin Global Private Equity and Venture Capital Report. The average deal size stood at about US$25 million in 2018.

Singapore itself saw 227 VC deals, with an aggregate deal value of US$4.9 billion.