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Venture capital for Chinese start-ups grows 50% in 2011
By Ding Yining |
January 30, 2012, Monday
|
Online Edition
Online Edition
SOME US$8.95 billion of venture capital was poured into Chinese start-up firms in 2011, an industry report showed today.
There were 976 venture capital-funded projects last year, a 15.9 percent increase from 2010. The amount of funds injected rose 50.4 percent year-on-year.
However, the growth of venture capital slowed down in the second half of last year as a result of sluggish stock markets overseas, said the report by research firm China Venture.
The number of projects and amount of investment in the fourth quarter fell 43 percent and 39 percent respectively from the second quarter.
"The overall size of investment will remain stable or decrease slightly due to a slow recovery of the global economy," the report said.
The average size of a venture capital investment was US$9.17 million, up 30 percent from 2010, and an increasing number of institutional investors has pushed up the value of start-up firms.
Internet companies, especially cash-driven online shopping sites, absorbed a record volume of investment, accounting for eight of the top ten financing cases.
Investment in the telecommunications sector and other value-added service companies also increased. The report said investment in these sectors will continue to grow as smart phones and mobile Internet services become increasingly popular.
There were 976 venture capital-funded projects last year, a 15.9 percent increase from 2010. The amount of funds injected rose 50.4 percent year-on-year.
However, the growth of venture capital slowed down in the second half of last year as a result of sluggish stock markets overseas, said the report by research firm China Venture.
The number of projects and amount of investment in the fourth quarter fell 43 percent and 39 percent respectively from the second quarter.
"The overall size of investment will remain stable or decrease slightly due to a slow recovery of the global economy," the report said.
The average size of a venture capital investment was US$9.17 million, up 30 percent from 2010, and an increasing number of institutional investors has pushed up the value of start-up firms.
Internet companies, especially cash-driven online shopping sites, absorbed a record volume of investment, accounting for eight of the top ten financing cases.
Investment in the telecommunications sector and other value-added service companies also increased. The report said investment in these sectors will continue to grow as smart phones and mobile Internet services become increasingly popular.
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