Chinese firms in mobility and hardware fields are big draw for venture capitalists
About 125 Chinese firms with overseas operations received funding across 156 deals during the 10-month period between November 2023 and August this year, according to a report by Beijing-based mobile marketing research firm Morketing, which hosted an event on Friday as part of the the four-day fair that concludes on Sunday.
The proportion of financing valued at more than 100 million yuan (US$14 million) accounted for roughly 40 per cent of those deals, the report showed. That was up from 33 per cent during the first 10 months of 2023, when 153 mainland firms were involved in 172 funding deals.
“This indicates that the capital market’s confidence in Chinese companies and its recognition of their future growth potential is gradually increasing”, Morketing said in the report released on Friday.
