> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # ๐Ÿ’ป China Tech Down 19%. $127M VC Funding. - URL: https://newsletters.qs.com/china-tech-down-19-127m-vc-funding/ - Published: 2024-02-19T12:15:57.000Z - Updated: 2024-02-19T12:15:56.000Z - Description: Impact Capital Markets #31 looks at our China Technology Stock Index, major impact deals and acquisitions, and the upcoming economic releases. - Author: QS - Tags: Deals **Marhaba ๐Ÿซ** ๐Ÿ“‰ **Today's Global Economic Update:** January 2024's US Producer Price Inflation Data, released last Friday, showcased a [0.3% month-on-month increase](https://www.bls.gov/news.release/ppi.nr0.htm?ref=newsletters.qs.com). Services costs surged by 0.6%, whereas goods prices declined by 0.2%. Core PPI, which excludes food and energy, increased by 0.5% month-over-month, resulting in an annual rate of 2%. ๐Ÿš€ **Deal of the Day:** Gilmour Space Technologies Raised $55M Series D Funding for Upcoming Launch Development. **What's New?** - ๐Ÿ’ป **China Technology.** China Technology Index down 19% - **๐Ÿ’ฐ Funding.** Gilmour Space Raises $55M + Precision Medicine & EV Charging Deals - ๐Ÿ’ผ **M&A.** Digital Health & Dental Prosthetics - ๐Ÿ“… **Economics.** Major Inflation Data, Balance of Trade, US GDP Growth Data + More *For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com) ## **๐Ÿ’ป** China Technology Index down 19% ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/02/HolonIQ_HolonIQ_China_Technology_HIQCTECH_HCHNULWUYFH7R3XT1ZAQ--1-.png) HolonIQโ€™s China Technology index is down 19% from a year ago, contrary to the positive returns recorded in 3Q 2023\. Major stocks in the index have fallen over the last 12 months, with Alibaba Group falling 22% (MCap: US$ 189B), Meituan declining 46% (MCap: US$ 58B) and Semi Conductor Manufacturing International (US$ 24B) -13%. While the Alibaba Group has been facing three years of consecutive declines due to intensified competition and management challenges, market conditions have not been optimal for Chinaโ€™s overall technology sector, with the post-pandemic boom not materializing as expected and the property market crisis worsening the macroenvironment. The escalation of US sanctions on advanced chips and chipmaking technologies has challenged the industry, with implications for the manufacturing of AI processors. This has forced China to double down on its domestic development of alternate chips but with rising competition from other Asian countries such as India, Chinaโ€™s tech recovery may be more complex. Overall macroeconomic conditions and geopolitical relations with the US will be defining factors for the future of Chinaโ€™s technology sector. ## **๐Ÿ’ฐ** Funding ๐Ÿš€ **Gilmour Space Technologies,** a Queensland-based rocket maker, raised a [$55M Series D](https://www.innovationaus.com/gilmour-secures-extra-55m-ahead-of-first-launch/?ref=newsletters.qs.com#:~:text=Queensland-based%20rocket%20maker%20Gilmour,its%20first%20launch%20draws%20closer.) from Queensland Investment Corporation to support ongoing development work as its first launch draws closer. ๐Ÿงฌ **Athos Therapeutics,** a company developing AI-based Precision Therapeutics for patients with Inflammatory Bowel Disease, raised a [$35M Series B](https://endpts.com/athos-an-autoimmune-and-cancer-biotech-is-raising-35m-for-clinical-trials/?ref=newsletters.qs.com) to revolutionize treatment for autoimmune diseases and cancer using AI. โšก **Daze,** an Italy-based provider of EV charging solutions, raised a [$16.1M Series A](https://siliconcanals.com/crowdfunding/daze-raises-15m/?ref=newsletters.qs.com) from CDP Venture Capital to support its business expansions. ## ๐Ÿ’ผ M&A ## ๐Ÿ’Š **Beedie Capital,** a Canadian Investment firm, entered into an agreement to [acquire](https://www.morningstar.com/news/accesswire/834416msn/think-research-enters-into-definitive-agreement-to-be-acquired-by-beedie-capital?ref=newsletters.qs.com) Think Research Corporation, a company focused on transforming healthcare through digital health software solutions in Canada. ๐Ÿฆท **Avista Capital Partners,** a New York-based private equity firm, [acquired](https://www.prnewswire.com/news-releases/avista-capital-partners-acquires-terrats-medical-from-miura-partners-302063839.html?ref=newsletters.qs.com) Terrats Medical, a global provider of dental prosthetics, including abutments and implants, based in Spain. ## **๐Ÿ“…** Economic Calendar Major Inflation Data, Balance of Trade, US GDP Growth Data + More ### Tuesday, February 20th 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia RBA Meeting Minutes](http://www.rba.gov.au/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Inflation Data, January](http://www.statcan.gc.ca/?ref=newsletters.qs.com) ### Wednesday, February 21st 2024 ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Balance of Trade, January](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com) ### Thursday, February 22nd 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US FOMC Minutes](http://www.federalreserve.gov/) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany HCOB Manufacturing PMI Flash, February](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com) ### Friday, February 23rd 2024 ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Ifo Business Climate, February](https://www.ifo.de/?ref=newsletters.qs.com) ### Tuesday, February 27th 2024 ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Inflation Rate YoY, January](https://www.stat.go.jp/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany GfK Consumer Confidence, March](https://www.gfk.com/de/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Durable Goods Orders MoM, January](https://www.census.gov/?ref=newsletters.qs.com) ### Wednesday, February 28th 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US GDP Growth Rate QoQ 2nd Est Q4](http://www.bea.gov/?ref=newsletters.qs.com) ### Thursday, February 29th 2024 ๐Ÿ‡ซ๐Ÿ‡ท [France Inflation Data (Preliminary), Februar](https://www.insee.fr/?ref=newsletters.qs.com)y ๐Ÿ‡ฎ๐Ÿ‡ณ [India GDP Data YoY, Q4](https://www.mospi.gov.in/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Inflation Data (Preliminary), February](https://www.destatis.de/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada GDP Data, Q4](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Core PCE Price Index MoM, January](https://www.bea.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Personal Income & Spending, January](https://www.bea.gov/?ref=newsletters.qs.com) ### Friday, March 01st 2024 ๐Ÿ‡จ๐Ÿ‡ณ [China NBS & Caixin Manufacturing PMI, February](http://www.stats.gov.cn/?ref=newsletters.qs.com) ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Consumer Confidence, February](https://www.cao.go.jp/?ref=newsletters.qs.com) ๐Ÿ‡ช๐Ÿ‡ฆ [Euro Area Inflation Data (Flash), February](https://ec.europa.eu/eurostat/?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy GDP Data, 2024](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Inflation Data (Preliminary), February](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Government Budget, 2023](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US ISM Manufacturing PMI, February ](https://www.ismworld.org/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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