Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Asia & Pacific




Public Administration News  
Share
China: Firms Put Most Cash into Online Businesses
Source: news.cn
Source Date: Tuesday, July 02, 2013
Country: China
Created: Jul 09, 2013

China's venture capital and private equity firms quickened their investment pace in June, with the Internet sector getting the most investments and the energy and mineral industry grabbing a total of US$3.9 billion in funding.

 

There were also more withdrawals by the VC/PE firms last month, according to a report by the Zero2IPO Research Center.

 

In June 50 investment deals were sealed by the VC/PE firms, up 47.1 percent from May, the report said, adding that 38 of the deals were worth US$4.5 billion.

 

The investment amount soared 465.1 percent from a month earlier due to a mega injection of US$3.9 billion in PetroChina United Pipelines Co Ltd, the Beijing-based information provider said.

 

The real estate sector attracted US$250 million in funds while US$109 million went into the agriculture and farming sector.

 

With 13 companies getting the funds, the Internet industry received the most PE/VC investments. The telecommunication industry was second with nine investments, and machine manufacturing and the media industry attracted four investments each.

 

The number of withdrawals rose from nine in May to 16 in June, the report said.

News Home

 Tag This
 Tell A Friend
 Favorite
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 146

Comments: 0 Favorited: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network