Venture capital investment in China remained flat in the third quarter, with the value falling to the lowest in five quarters following uncertainties in the global market, according to a latest study.
The number of investment deals in VC-backed companies improved slightly from three months ago to 84 in the third quarter, but the total investment value stood at US$3.9 trillion, under half of the level in the third quarter of last year.
The Internet and mobile sectors in Asia dominated investment deals while health care deals shrank, the joint report by KPMG International and CB Insights said yesterday.
Chinese VC investors are also eying overseas markets as they take advantage of government incentives aimed at transforming the Chinese economy to an innovative and technology-driven one from its current manufacturing focus.
Chinese firms have boosted acquisitions and investments in technology companies in Israel, Canada and the UK.
