Recommended content
78

China technology venture financing in Q3 increases by 6.3% to $8.41B

China technology venture financing in Q3 increases by 6.3% to $8.41B
Samuel
Town
5 days ago
2 mins read

Finbold Recommends

Step 1 Open a Webull brokerage account until Nov 30, 2020
and get 2 FREE stocks valued between $2.5-$250!
Step 2 Make an initial deposit of $100 or more and receive 2 more FREE stocks,
each valued between $8-$1600!

What we like:

Full Extended Hours Trading

24/7 Support

SIPC protected upto 500K

Trade Stocks, Options, ETFs & ADRs

Rating

Visit Now

China’s Q3 2020 technology sector venture financing hit $8.41 billion. According to the GlobalData.com database, the value represents an increase of 6.3% from the previous quarter.

Compared to the last four-quarter average, the amount represents a rise of 19.8%. Notably, during the Q3, China’s share in the global technology venture financing stood at 28.2%. The total global value was $29.79 billion.

During the third quarter, China had 468 deals, a rise of 2.4% over the previous quarter and 4% over the last four-quarter average.

From the report, the top five technology industry venture financing deals accounted for 39.5% of the total value during Q3 2020.

Source: verdict.co.uk

Top five deals account for $3.32 billion

In terms of specific deals, Boyu Capital Consultancy, Hillhouse Capital Group, and Tencent Holdings’  was the leading with $1.2 billion venture financing of Ape coaching.

Hillhouse Capital Group $830 million financings into JD Health ranks second. 

The $800 million financings of Hunan Xingsheng Optimal E-Commerce by KKR &Inc, Sequoia China Fund, and Tencent Holdings ranks third. There is the $292.54 million venture financing of Beijing Eswell Computing Technology by CASH Capital (Beijing) in fourth place.

In the fifth spot, there is DCM Capital, H Capital, Innovation Workshop, New Oriental Group, and SoftBank Vision Fund’s venture financing of Pea Thinking Technology at $200m. 

Cumulatively, the five deals value stands at $3.32 billion. The deal’s value is based on only announced and completed financing.

Trusted & Regulated Stock & CFD Brokers

Step 1 Open a Webull brokerage account until Nov 30, 2020
and get 2 FREE stocks valued between $2.5-$250!
Step 2 Make an initial deposit of $100 or more and receive 2 more FREE stocks,
each valued between $8-$1600!

What we like:

Full Extended Hours Trading

24/7 Support

SIPC protected upto 500K

Trade Stocks, Options, ETFs & ADRs

Rating

Visit Now

Trusted Challeger Banks

What we like:

No hidden fees.

Multi-currency account.

Free business account.

Cheap and fast transfers abroad.

Rating

Visit Now

Be first to rate

Join us on Twitter or Telegram

Follow on News
Samuel Town
Author

Samuel is a professional finance copywriter with years of experience. He has created propositions, pitch decks, white papers, and content for over 100 respectable firms, startups, businesses, and institutions globally. At Finbold.com he covers deep-dive reviews of the various financial companies.

Recommended
Stock Broker

What we like:

Full Extended Hours Trading

24/7 Support

SIPC protected upto 500K

Trade Stocks, Options, ETFs & ADRs

Rating

Visit Now
Step 1 Open a Webull brokerage account until Nov 30, 2020
and get 2 FREE stocks valued between $2.5-$250!
Step 2 Make an initial deposit of $100 or more and receive 2 more FREE stocks,
each valued between $8-$1600!
Learn More