By Tang Zhihao (
Chinadaily.com.cn)
09:32, April 23, 2013
A total of $3.7 billion was invested in 202 rounds of venture capital investment activities in China in 2012, down about 40 percent year-on-year, a report from Ernst & Young said.
Despite the significant drop, the report said the median value of the investments was $10 million yuan ($1.6 million), much higher than that in other parts of the world, due to substantial investments in profitable companies in China.
Beijing became a popular investment destination for VC investors in 2012. The average round size was $19.9 million, well above the global average of $8.4 million.
“We expect the VC market in China to rebound in the second half of 2013. Although growth will be steady, we do not anticipate a return to the heights of recent years,” said Lawrence Lau, Greater China Venture Capital Advisory Group Leader of Ernst & Young.
Investments were down in all markets and the amount of financing in the seed and first-round stages dropped across regions, according to the report.
Globally, venture capital investment fall 20 percent to $41.5 billion and the number of rounds declined 8 percent to 4,970 in 2012.
However, experts said investors would see the industry turn the corner and steady economic conditions will help rebuild investors’ confidence.
“2012 was a tough year for global venture capital and we saw consolidation in the market as the number of active investors declined. However, we are hopeful that 2013 will see the industry turn the corner. Steadying economic conditions will bolster investor confidence and point towards a strengthening risk appetite,” said Ringo Choi, Asia-Pacific Strategic Growth Markets Leader of Ernst & Young.
We Recommend:
Living in mini homes in ChinaStunning models at Bangkok Int'l Auto ShowShanghai Tower, tallest skyscraper in ChinaBird flu fears hit poultry industryBird flu takes toll on poultry industryInt'l footwear exhibition kicks off in Shanghai Email|
Print|
Comments(Editor:WangXin、Gao Yinan)
Increases the bookmark
twitterfacebookSina MicroblogdiggGoogleDeliciousbuzzfriendfeedLinkedindiigoredditstumbleuponQzoneQQ MicroblogRelated Reading
Investment patterns alter with timesHong Kong expects more investment from mainlandChina regains clean energy investment leadChina's overseas investment expansion slowsEquity limit raised in insurers to attract investorsChinese companies snapping up overseas brandsOfficials call for fewer barriers to Chinese investment in U.S.Alternative investments becoming more popular: reportFixed-asset investment up 20.9%Interview: More projects needed to boost Russia-China investment: fund directorHot NewsCentral government requires orderly quake rescueCommemoration ceremony held for deceased people in U.S. explosion 192 dead, 23 missing in SW China quakeChina confirms 104 H7N9 cases, 21 deathsMarket unlikely to be affected by China quake China's economic growth at reasonable levelS Korean TV network bans Psy's new MV Moto X Freestyle closes in Foz do Iguacu, Brazil
本站仅提供存储服务,所有内容均由用户发布,如发现有害或侵权内容,请
点击举报。