Center
VC investment brisk in China
By Li Huayu (chinadaily.com.cn)
Updated: 2006-07-13 09:01
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Zero2ipo Research Institute, a Chinese venture capital (VC) and private equity (PE) consulting firm, released the 2006 interim report on China VC investment at the 2006 China VC Interim Forum held in Beijing on July 12.
The report shows that altogether 121 Chinese mainland and related enterprises received VC investment in the first half of 2006, up 49 percent year on year. The total investments were about US$772 million, growing as high as 128 percent from the same period last year.
In the first half of 2006, the VC investment involved IT (84 deals), service (13 deals), traditional industries (12 deals), other high-tech (6 deals) and bio-medicine (6 deals) industries. Among them, the IT industry snatched 69 percent of the total VC deals with the investments totalling US$562 million, accouting for 73 percent of the total VC investment in the period.
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The full text is?available in the?July Issue ofChina Banking.