TMT lures highest PE and VC funding
Print Edition
PRIVATE equity and venture capital investment in the telecommunications, media and technology industry in China soared to the highest level in the second half of 2015, and bigger deals are seen this year, according to latest figures.
The total capital raised in the second half of last year rose 8 percent from the first six months to US$19.01 billion, and the number of deals jumped 11 percent to 1,435 deals, PricewaterhouseCoopers said in its MoneyTree report yesterday.
The TMT industry secured 32 deals worth over US$100 million in the second six months of last year as the industry boomed despite the economic downturn.
“Larger deals in the TMT sector are likely in 2016 as the sector continues to act as a main driving force for industry consolidation,” said Gao Jianbin, PwC China TMT leader.
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