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New York VC activity failed to boost North America that far ahead of China

Roughly 14 percent of the venture capital deals tallied across the United States during the second quarter (Q2) of 2016 were sourced in New York, according to areport released by global data intelligence firm Preqin.

The level of activity here, second to California once again, wasn't enough to give North America the impressive lead one would expect on a global scale. China, turns out, is hot on our trail.

North America had the most deal activity in Q2, with 900 deals worth a combined $18 billion in Q2. However, China accounted for the second largest proportion of aggregate deal value, at $17 billion.

Here's a breakdown of the report:

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