Venture capital deals in China saw a sharp slowdown in July as investors remain cautious in deploying capital to start-ups and companies. A total of 173 venture capital deals were recorded last month, down 21% from June, and 53% from July 2016. A total of US$2.6 billion was raised in July, a decline of 14% month-on-month, and 24% from a year earlier, according to data released by ChinaVenture.
As for private equity deals, despite a drop in the number of deals to 67 in July, from 108 a month earlier, the investment total increased to US$3.4 billion from US$2.45 in June. The recovery in PE deals was driven by a number of large transactions, including a US$410 million round in artificial intelligence start-up SenseTime led by Chinese private equity firm CDH Investments.
Beijing-based companies continue to receive the greatest amount of VC/PE i...
This news article comes via China Money Network, who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network