The number of corporate-backed deals fell in February compared with the same time last year – 148 funding rounds versus 162 in the second month of 2016 – the second straight month of declining deal volume. Comparative investment value dropped by about 9%, to $4.38bn from $4.77bn in February 2016, and only one company raised a round above the $1bn mark – China-based video streaming platform iQiyi (see below).
Both the deal…
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