VENTURE capital investments on the Chinese mainland jumped 55 percent last year, reaching a three-year high, an industry report said yesterday.2 E& j& }' Z }5 m3 u: t/ p
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Venture capital valued at US$1.89 billion poured into the mainland last year in 214 deals, said a report jointly released by Dow Jones VentureOne and Ernst & Young.
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n9 d4 r& A2 G. r, [2 w/ PIt marked a 37 percent increase in the number of deals year on year.
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2 R- ~1 c! i3 v7 EInformation technology remained the dominant industry for investment.
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By industry, 131 IT companies were financed last year, receiving US$920.7 million, up 34 percent from 2005 in terms of capital.8 K6 d7 ^# N, f, M
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Meanwhile, there was significant growth in areas such as healthcare, retail companies and clean technologies.
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e9 `/ [8 n. V' _The business, consumer and retail industry category posted 57 deals and US$613.3 million last year, 20 more deals and 40 percent more capital than in 2005.
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& `+ c; V& V; ~: o: P, u3 IThe energy segment climbed with 10 deals, up from one in 2005, and US$212.6 million invested, up from US$80 million a year earlier.
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2 R0 y l% w5 U4 a. b"The continuous growth of the Chinese economy and the middle class in China - as well as the increased focus on innovation - are the primary drivers for the significant investment growth in these sectors," said Bob Partridge, China leader of Ernst & Young's Venture Capital Advisory Group.
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7 h5 P0 Q7 Q- sStephen Harmston, director of global research for VentureOne, said: "Another sign of the strength is that investors are helping their companies to ramp up quickly in the global marketplace by funding them with increasingly larger sums." e D; W2 N# J( F) T& A: x" |
$ c2 l- \! ?: Q4 c* \1 F0 nThe median deal size in China is now US$5.9 million, up 59 percent from US$3.7 million in 2005.
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In addition, the level of second round investment activity illustrates the growing maturity of the venture capital market in China, Harmston said.
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. L3 S f% Z* L9 y"Investors are helping companies to move past the start-up stage into the next phase of development," he said. |
发表于 2007-2-14 11:00:20