Date
17 October 2017

China telcos, media draw more venture capital, paper says

China’s telecommunications, media and technology industry saw a significant rise in their share of overall private equity and venture capital investment in the first half of this year, Shanghai Daily reported on Monday, citing the latest China MoneyTree report on the sector by accounting and consulting firm PricewaterhouseCoopers. The industry’s share of overall private investment cases accounted for an average of 59 percent in the first and second quarter this year, higher than the 46 percent recorded for the same period a year earlier, according to the PwC report. Venture capital firms injected a combined US$1.65 billion in the sector in the six months to June, and the investment is expected to further increase in the second half as a result of the improving macroeconomic conditions,  the report added.

– Contact HKEJ [email protected]ght.com

SK/CG

 

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