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Private equity investment recovers in March
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Investments made by venture capital and private equity funds in China recovered in March, lifted by a robust momentum in the service industry, according to a report.
The number of settled deals rose 120.9 percent from a month earlier to 338 last month, recovering from a 38 percent decline in February, the Beijing-based Zero2IPO Research Center said in a report today.
The value of 295 deals that have disclosed transaction figures totaled US$5.8 billion, a 37 percent rise from a month earlier, according to the report.
“After a mediocre February, investment sentiment picked up rapidly in March, driven by a number of deals in tertiary industry,” said Cao Yumiao, a researcher of Zero2IPO.
The logistic sector attracted the most investment of US$1.6 billion, or 28 percent of the total, boosted by investments in Cainiao Logistics, the logistics affiliate of Alibaba Group Holding Ltd.
That was followed by US$1.1 billion in the Internet sector and US$700 million in information technology industry.
In terms of the number of deals, the Internet industry topped with 111 deals, followed by 49 deals in IT sector and 23 in telecommunication sector, data showed.
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