VENTURE capital investments on the Chinese mainland jumped 55 percent last year, reaching a three-year high, an industry report said yesterday.9 T0 d* A2 u$ Z9 y
+ B6 x' Q7 t) E, w5 e2 ], H8 gVenture 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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It marked a 37 percent increase in the number of deals year on year.6 A: d0 A; ~& ` ?8 W5 n9 ?) J u
- S' k* S8 z% x! E# kInformation technology remained the dominant industry for investment.
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* X, b4 } E3 A/ @: HBy industry, 131 IT companies were financed last year, receiving US$920.7 million, up 34 percent from 2005 in terms of capital.: ]7 _% M7 }+ z$ {4 W
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Meanwhile, there was significant growth in areas such as healthcare, retail companies and clean technologies.: Y% m; P% y" e( h6 Q$ N
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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.
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/ Z5 C& V' D' `The 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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# u+ n9 O* y7 v" @"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.0 Z, m1 R7 |1 j2 D8 J
5 {- q% ^1 @+ F; G% QStephen 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."
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5 P* X+ F( B& D lThe median deal size in China is now US$5.9 million, up 59 percent from US$3.7 million in 2005./ m1 {8 }7 j, g# a. p: S) W' P
/ D$ Y( d5 l6 ?* ?+ AIn 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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"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