Venture capital and private equity investments in China grew almost four times in terms of deal value so far this year to reach a total of RMB92.9 billion (US$15.1 billion) from RMB20 billion (US$3.3 billion) during the same period last year, according to data from Wind Information Co., Ltd.
In terms of deal volume, there have been 1,162 recorded investment deals year-to-date in 2014, up from last year’s 700.
Investments in the Internet, information technology and services sectors took 43% of total investments in deal volume, with 509 investment deals.
Many of these investment deals are also large in terms of deal value.
There have been a $260 series C financing in used-car online auction platform Youxinpai; a $300 million series C round in Chinese group discount platform Meituan.com; a $200 million series D round in female e-commerce platform Mogujie; and $100 million series B in online education platform TutorGroup.
These super-sized financing rounds, rare occurrences previously, are common this year. Just earlier this month, Hangzhou-based online healthcare service provider GuaHao.com received over US$100 million investment by Chinese Internet services giant Tencent Holdings Limited.