Venture capital institutions from home and abroad had pumped
US$3.18 billion into 428 deals in China from January to November
2007, according to a report from a leading Chinese consulting
firm.
The investment was 78.9 percent higher than the figure of 2006,
Zero2IPO Group said, adding the number of venture capital
investment deals in 2006 was 324.
The investment surge came as venture capital institutions swarmed
to the world's fastest-growing economy to cash in on the huge
business opportunities arising from the robust economic growth, the
report said.
Domestic and foreign venture capital institutions had raised a
total US$5.42 billion in 55 funds in China during the 11 months
ending in November.
The money raised and the number of funds were 36.5 percent and
41 percent higher than the figures of last year, the report
stated.
(Xinhua News Agency January 1, 2008)