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VC and PE investments decline 80% in May
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TOTAL value of venture capital and private equity investments in China fell more than 80 percent in May due to a lack of mega deals, according to an industry report.
The number of settled deals stood at 78, down from April's 88, the Zero2IPO Research Center said in a report today.
The total value of 69 deals that have disclosed transaction figures was US$1.77 billion, down 83.7 percent from a month earlier, the report said.
The Internet industry saw the most deals with 25, followed by 20 in the telecommunications industry. The information technology, biotechnology and health care, and finance sectors each had five deals.
The logistics industry had the highest amount of investment at US$650 million, followed by US$613 million in the Internet industry.
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