Business
VC and PE investments decline 28%
Shanghai Daily, February 5, 2013
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Investments by venture capital and private equity firms declined in China last month while the number of withdrawals cooled due to the initial public offering market stalling, according to the Zero2IPO Research Center.
China's VC/PE industry sealed 31 investment deals in January, down 28 percent from December, the Beijing-based information provider said. Twenty-five of the deals were worth US$425 million.
The energy and mineral industry garnered the most investment of US$137 million, followed by US$93.1 million invested in the Internet sector and US$53.8 million for property development.
There were three withdrawals last month through mergers and acquisitions as the China Securities Regulatory Commission has halted approval for IPOs as it campaigns to prevent false disclosures and profit manipulation.
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