Investment by PE, VC firms reaches record

Venture capital and private equity deals made in China reached a record high in the first 11 months of 2014, benefiting from the rising number of startup companies and the restructuring of State-owned enterprises, according to a report.

According to the figures from Zero2IPO Group, 1,873 venture capital deals were made in the first 11 months of this year with investment value of $15.6 billion, a 135.9 percent increase on the full year 2013.

Another 892 private equity deals were made during the same period worth a total of $50.4 billion, a 105.7 percent increase on last year.