Wednesday, May 23, 2007

The Standard: China Venture Investment Down

"Venture capital investment deals completed in China declined in the first quarter after the country tightened rules on foreign acquisitions of assets last year, a survey showed.
The total value of the deals fell 5percent to US$343.5 million on 36 transactions, four fewer than a year ago, according to the China Quarterly Venture Capital Report released by accounting firm Ernst & Young and Dow Jones VentureOne. Beijing software company SoftStone Information Service attracted US$45 million investment in March.
'We always expect everything to just keep growing in China,' said Bob Partridge, Ernst & Young's Hong Kong-based transaction advisory services leader for China.'So the fact it wasn't growing was a surprise.'"

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