LINE

Text:AAAPrint
Economy

PE/VC investment in TMT reaches new high: PwC report

1
2017-03-30 09:46Global Times Editor: Li Yan ECNS App Download

The second half of 2016 saw overall private equity and venture capital (PE/VC) investment as well as total PE/VC investment in the telecommunications, media and technology (TMT) sectors reach their highest levels since 2012, a report released by consulting firm PwC showed on Wednesday.

In the second half of 2016, there were 1,478 PE/VC deals garnering a total value of $25.02 billion in the TMT industry.

During the third quarter, investment in TMT deals declined but accounted for a record 84 percent of the combined value of all deals involving PE/VC, the report said.

Investment in TMT rose significantly from the prior quarter, with 33 deals and a single deal value exceeding $100 million, which was 1.4 times that of the second quarter, marking a record high, the report added.

In the fourth quarter of 2016, investment value and the number of deals in TMT dropped significantly, as had been expected. The investment value in TMT accounted for 29 percent of overall PE/VC deals.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.