In this episode of China Money Podcast, listen to all the news headlines in the China venture investment and tech sector for the week ending August 6.
Chinese startups raised US$1.905 billion this past week across 85 deals. And there were over 460 venture capital and private equity firms that got involved in those 85 deals. Investors in those deals include IDG Capital, Deppon Express, CMB International, Eight Roads, CICC Capital, GL Ventures, Boyu Capital, Goldman Sachs, Changjiang Securities, Saiying Capital, Redmile Group and Tencent Holdings. And they handed cash to a range of companies including those involved with rocket technology, virtual reality hardware, semiconductors, Internet marketing technology, and autonomous mining vehicles. And in our just-released China VC Tracker report, we saw an aggregate of 350 VC financing deals worth about US$12.05 billion recorded in July 2021, an increase of US$720 million compared with June.