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TMT investment surges
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INVESTMENT in telecommunications, media and technology (TMT) firms in China surged 89 percent in the first half of this year from the figure in the second half of last year, a PricewaterhouseCoopers’ MoneyTree report revealed yesterday.
In the six months ended on June 30, US$15.6 billion were invested to almost reach the value achieved in full-year 2014. The number of deals jumped 44 percent from the second half of 2014.
In the second quarter of this year, total investment climbed 5 percent from the first quarter to US$7.98 billion, the highest since the report started tracking the figures in 2012.
Of the industry sectors, the Internet continued to drive the most number of deals as well as the value, attracting as many as 518 investments worth US$6.57 billion.
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