VENTURE capital investments on the Chinese mainland jumped 55 percent last year, reaching a three-year high, an industry report said yesterday.
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+ ~- w# X9 f9 o/ y' ~Venture capital valued at US$1.89 billion poured into the mainland last year in 214 deals, said a report jointly released by Dow Jones VentureOne and Ernst & Young.! ^; q- w9 g! ?' z# l1 P& X4 f
- r* R6 w' T. @8 Y( aIt marked a 37 percent increase in the number of deals year on year.
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& m F# g- O$ I) v; I& CInformation technology remained the dominant industry for investment.0 z; Y, a1 z7 d3 a! k
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By industry, 131 IT companies were financed last year, receiving US$920.7 million, up 34 percent from 2005 in terms of capital.8 A! u3 V$ B' n7 N+ b* W
9 K. K+ p8 _( ~# N+ @$ S+ T: bMeanwhile, there was significant growth in areas such as healthcare, retail companies and clean technologies.5 o# g3 M; s! e7 Y/ G8 k0 x% g D
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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 2005.0 ^5 o, I- X: D+ ] \+ s
3 G7 r% |2 R' z7 Q: tThe energy segment climbed with 10 deals, up from one in 2005, and US$212.6 million invested, up from US$80 million a year earlier.
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"The continuous growth of the Chinese economy and the middle class in China - as well as the increased focus on innovation - are the primary drivers for the significant investment growth in these sectors," said Bob Partridge, China leader of Ernst & Young's Venture Capital Advisory Group.5 |& p# e/ h% i# q2 Y0 g4 d" C! k
: V$ [1 T% u1 _' f. Q6 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."8 H+ H# v& P* z+ S
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The median deal size in China is now US$5.9 million, up 59 percent from US$3.7 million in 2005.( M1 D# x8 H1 T/ `/ Q/ W
, [7 ^8 A9 A7 `6 fIn 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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# m, G, F( M) O# M"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