Saturday, July 12, 2008

China posts over 70 percent growth in Q2 venture capital

"China's venture capital market was brisk in the second quarter of this year, with 159 enterprises obtaining such investment.
According to a recent forum on venture capital and private equity investment in China, among the 159 enterprises, 143 have revealed the investment they required, involving 1.2 billion U.S. dollars in combined venture capital, up 31.4 percent and 73.5 percent respectively.
Of the total, expanding enterprises made up for 85 in number, or 53.5 percent. They involved 682 million U.S. dollars in venture capital, or 56.6 percent of the total. Another 26 were matured enterprises, with 373 million U.S. dollars in venture capital, accounting for 16.4 percent and 31.0 percent, respectively, of the total.
The IT sector accounted for 42.1 percent of the total enterprises that acquired venture capital, or 45.9 percent of the total investment, while traditional sectors made up 22.0 percent and 19.9 percent, respectively, of the total."

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