[TechWeb] February 11th news, according to foreign media reports, global professional audit, tax and consulting services provider KPMG data show that last year, China's venture capital transaction volume reached 70.5 billion US dollars, a 52.9% year-on-year increase.
Last year's $70.5 billion venture capital deal in China came from KPMG's quarterly trend analysis of venture capital, called Venture Pulse.
Chinese venture capital deals reached a record $70.5 billion in 2018, compared with $46.1 billion in 2017, up 52.9 percent from a year earlier, according to KPMG's report.
Last year, the scale of Chinese venture capital transactions of 70.5 billion US dollars was also very large in Asia and even in the world. According to KPMG's report, last year the scale of venture capital investment transactions in Asia was 93.5 billion US dollars, while that in the world was 254.7 billion US dollars. China's share is 75% and 27. 7% respectively.
In terms of the number of VC deals, China had 813, up slightly from 799 in 2017, while the number of VCs in Asia and around the world fell by about 10 percent.
However, the size of funds for venture capital transactions in Asia and the world has not been affected by the decline in the number of transactions, which has increased by 40% year-on-year, reaching $93.5 billion and $254.7 billion, respectively.
KPMG said in the report that the strong performance of China's venture capital trading last year was due to a large amount of financing from Ant Financial and a series of large-scale transactions throughout the year. Ant Financial announced a round in June last year. In addition to the original shareholders and investment, Temasek, Yinhu Investment and other top global investment institutions have joined the ranks of strategic investors.