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TMT companies the most targeted by investors

PRIVATE equity and venture capital investment in Chinese telecommunications, media and technology companies in the first half of this year accounted for 55 percent of overall investment in terms of deal value, making it the hottest attraction for PE/VC capital, a latest report says.

A total of 1,351 PE/VC deals in the first half saw a total value of US$33.99 billion in the TMT industry, with deal value hitting a record high of US$20.05 billion, PwC said in its MoneyTree report released today.

The total of 45 deals had a financing value over US$100 million during the first half.

“The increase of scale and range of investment in the TMT industry, are reflected by the emergence of unicorn companies as well as companies that are developing into more mature organizations,” said PwC China TMT leader Gao Jianbin.

The majority of large investments in the first half were additional investments made in companies with high valuations, rather than investments in emerging enterprises, reflecting the cautiousness and prudence from investors, and this trend is expected to continue

“Core investment sectors in the TMT industry are closely linked to modern lifestyles such as Internet finance, e-commerce and mobile services thanks to the higher penetration of smartphones, while investors are also drawn to these new companies that add innovation to fields that are increasingly changing people’s lifestyles,” commented PwC China Transaction Service Partner Alvin Bao.


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