Venture And Private Equity Investment Quadruples In China

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; 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 received over US$100 million investment by Chinese Internet services giant Tencent Holdings Limited.