VC investors ride on Internet frenzy
Print Edition
Venture capital investment in China rose more than 20 percent from a year earlier in 2015 with the Internet sector drawing most of the funds as the country works to integrate the Internet with traditional industries.
The total value of VC investments was 129.3 billion yuan (US$19.7 billion) last year, up 24.6 percent year on year, the Beijing-based Zero2IPO Research said in a report released yesterday. There were 3,445 VC deals, surging 80 percent from a year earlier, data showed.
“Despite the rise, there was a significant decline in the fourth quarter as investors are getting rational after a period of frenzy,” said Shen Lingkun, a researcher of Zero2IPO.
In the fourth quarter, VC investment value plunged 44 percent from a quarter earlier while the number of deals decreased 53 percent.
For the year, the Internet sector was the biggest winner, attracting 39.7 billion yuan, or 31 percent, of funds from VC investors, followed by the telecommunication sector with 19 billion yuan and 14.4 billion yuan in the biotechnology and health care industry.
In 2015, VC firms set up 597 funds for China-focused investment, nearly double that of 2014. They raised an aggregated 199.6 billion yuan, up 71 percent year on year.
Among them, 552 were yuan-denominated funds which raised 140 billion yuan, or 70 percent of the total, while foreign currency-denominated funds took the rest.
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