The halcyon days for investing in fast-growing Chinese startups have passed. As U.S. stock markets shun Chinese listings after a string of costly blowups, China-focused venture funds are finding it harder to raise money. Private equity also faces a similar bind, according to a new survey of the industry's fortunes. Presented last week at the annual China Venture Capital & Private Equity Forum (CVCF) in Beijing, the survey is a reminder that putting risk capital to work in China is, well, risky. Try this statistic: the amount of money raised in venture-capital and private-equity backed IPOs of Chinese companies fell 57% to $10.8 billion, based on Jan-Nov. data. A total of 104 such companies issued public stock, virtually all on domestic markets. The top industries were heavy machinery, electronics, clean energy, IT and Internet.
Reported by Forbes.com 3 hours ago.
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