PE, VC deals in TMT reach new high
THE number of private equity and venture capital investments in China’s technology, media and telecommunications companies hit a new high in the second half of 2016, but the value of deals fell amid a cautious market over the companies’ high valuation, a survey by PwC showed yesterday.
The second half of last year saw 1,478 deals valued at US$25.02 billion poured into the TMT industry, with capital going to Internet companies taking up 73 percent of total amount, according to PricewaterhouseCoopers.
“For 2017, more investors will be looking ahead for the next potential unicorn companies with the hope of reaping a hefty gain,” said Gao Jianbin, China TMT leader of PwC.
“We shall see investment volume remain high on TMT.”
PE and VC firms chose to exit their investments through initial public offerings in the second half of 2016, as the China Securities Regulatory Commission accelerated approval of IPOs in the mainland market, the survey showed.
In the six months through December, there were 50 exits through listings, up from 30 exits in the first half of last year.
“Exiting through listings on A-share market will become the mainstream for investors and the trend will last for quite a long time,” said Alvin Bao, transaction service partner at PwC.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.