Overall private equity and venture capital (PE/VC) investment in telecommunications, media and technology (TMT) in China reached a new half-yearly high in the first half of 2017, a report released by PwC said on Tuesday.
The report said that there were 1,582 PE/VC deals in the first half of 2017, up 104 from the second half of 2016. These deals had a total value of $30.75 billion, up 22.9 percent from the previous six months.
In the first half of 2017, 49 deals had a value of over $100 million each, up nearly 50 percent from the second half of 2016. These large deals accounted for more than 70 percent of the total value of deals in the TMT industry during the period.
With regard to sub sectors, the Internet and mobile Internet were again prominent, generating a deal value of $21.306 billion in the first half of 2017, including three deals each worth over $1 billion. Investment in the technology sector rose 56 percent from the previous six months, with deal value exceeding $4 billion in the first quarter, a new high.
