The state is upping the ante in China’s venture capital and private equity markets – with mixed results. Will entrepreneurs soon find their prospects hinge on whether the focus of their innovation aligns with the Chinese government’s ideal for a technologically advanced state? Joe Cash investigates Spread across roadsides the length and breadth of the country, red banners with the ubiquitous phrase ‘Party Spirit’ extol the virtues of the Chinese …
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venture capital
After several years of slowing investment, venture capital investment in China is booming, led by deals from investors such as Tencent and Sequoia Capital in AI, blockchain, e-commerce and more, writes Robynne Tindall According to figures released by business information service provider IT Juzi, startups in China attracted RMB 354 billion (approximately £39.2 billion) of investment in the first quarter of 2021. As the Chinese economy rebounds post-pandemic, the number …
Kaitlin Zhang explains how UK technology firms can reach out to Chinese investors In the first half of 2018, Chinese outbound foreign direct investment (OFDI) has dramatically veered towards Europe over North America. The value of completed Chinese investments was six times higher in Europe (£9.3 billion total with £1.25 billion in the UK) than in North America (£1.55 billion), according to Baker McKenzie and Rhodium Group. This trend …