PE/VC investment recovers in 2013H2
Print Edition
PRIVATE equity and venture capital investment in China’s telecommunications, media and technology rebounded in the second half of 2013 after hitting a record low in the second quarter, according to a private report.
The number of deals rose 82 percent to 499 from the first half and their value rose 49 percent, PricewaterhouseCoopers said in its China MoneyTree Report released yesterday. Both increases reflected peak levels last seen in 2012.
“The industry is more vibrant and appealing to investors,” said Gao Jianbin, PwC China technology industry leader. “Investment has not been substantially affected by volatility in the overall economic and investment environment.”
Investment in the Internet sector financed 161 deals. There were 150 deals in telecommunications, followed by 135 in technology and 53 in entertainment and media.
Beijing took the top spot with 142 deals, followed by 29 in Shanghai and 26 in Shenzhen.
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