[The number of Chinese start-up venture capital companies has continued to decline for five consecutive years, with a decline of up to 98%] Golden Finance reported that according to data provided by IT Juzi, a Chinese venture capital data service provider, the number of Chinese start-up venture capital companies has dropped from 51,302 in 2018 to 1,202 in 2023, and may continue to decline in 2024, with a decline of up to 98% in five years. At the same time, between 2021 and 2023, transactions targeting Chinese start-ups, including those by US investors, decreased by up to 88%, from US$47 billion to US$5.6 billion.