VC gets switched on to online deals

Venture capital investors are increasingly turning their attention toward online deals in China, but they still regard offline capability as the most important.

O2O, also known as online to offline e-commerce, allows Internet users to see information on websites, which encourages them to visit brick-and-mortar stores rather than virtual outlets.

Wang Mingyao, executive director of Legend Star, a Chinese leading VC company, told China Daily that it has invested in more than 50 deals in the technology, media and telecom sectors, and around 40 percent of these are related to O2O.