VC and PE boost funds to invest in mainland
By Winny Wang |
July 15, 2010, Thursday
|
Print Edition
Print Edition
VENTURE capitalists raised US$5.83 billion to invest in the Chinese mainland in the first half of this year, a surge of 145.7 percent from a year earlier, in anticipation the Chinese economy will grow mildly for the rest of the year, an industry report said yesterday.
Meanwhile, private equity firms netted US$19 billion to invest in the mainland, a jump of 616.9 percent on an annual basis, the Zero2IPO Research Center said in a report.
"The global economy is still turbulent amid the European debt crisis and weak recovery of the US economy, but it has little impact on China. The Chinese economy is expected to grow mildly this year backed by the government's positive policies despite speculation over inflation and an asset bubble," the report said.
Investments by VCs in the mainland totaled US$1.59 billion in 295 cases in January to June, compared with US$1.07 billion in 179 cases a year earlier, the report said.
The information technology industry absorbed more investments totaling US$209 million in 44 cases, from VC firms than any other industry. Next came the biological technology and health care industry and the clean technology industry, according to the report.
The number of Internet users has grown by more than 85 million annually in China in the past two years, according to the China Internet Network Information Center.
PE investments fell 62.3 percent to US$2.22 billion in 75 cases in the period, reflecting investors' cautious attitude toward the domestic market. In the first half, 39 PE funds withdrew investments.
Meanwhile, private equity firms netted US$19 billion to invest in the mainland, a jump of 616.9 percent on an annual basis, the Zero2IPO Research Center said in a report.
"The global economy is still turbulent amid the European debt crisis and weak recovery of the US economy, but it has little impact on China. The Chinese economy is expected to grow mildly this year backed by the government's positive policies despite speculation over inflation and an asset bubble," the report said.
Investments by VCs in the mainland totaled US$1.59 billion in 295 cases in January to June, compared with US$1.07 billion in 179 cases a year earlier, the report said.
The information technology industry absorbed more investments totaling US$209 million in 44 cases, from VC firms than any other industry. Next came the biological technology and health care industry and the clean technology industry, according to the report.
The number of Internet users has grown by more than 85 million annually in China in the past two years, according to the China Internet Network Information Center.
PE investments fell 62.3 percent to US$2.22 billion in 75 cases in the period, reflecting investors' cautious attitude toward the domestic market. In the first half, 39 PE funds withdrew investments.
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