Private equity, venture capital TMT investment steady

The value of private equity and venture capital investment in the telecommunication, media and technology sector in the first half of 2018 held steady, despite fewer deals compared to the preceding period, according to a report from PricewaterhouseCoopers.

The TMT sector continued to play a key role in the market, with related investment accounting for 50 percent of total private equity and venture capital investment over the period, the report said.

"In the first half of this year, China stepped up efforts to encourage innovation and entrepreneurship with a series of supportive industry policies. PE and VC investors boosted investment in the optoelectronics, integrated circuits and IC design, digital content and game sectors. High-quality projects with strong growth potential and good prospects for exit were still the most favored by investors," said Gao Jianbin, PwC China's TMT leader.