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China attracts over USD300m of venture capital in October

Seven funds of Chinese and foreign venture capital and private equity institutions in China raised a total of USD320m in October that can be invested into the Chinese mainland, according to investment information provider Zero2IPO.



Among them, six RMB funds raised capital worth USD202m and one US-dollar fund raised USD100m in the month.

Meanwhile, ten funds were newly established by Chinese and foreign venture capital and private equity institutions in October, with plans to raise capital of USD720m.

China’s venture capital and private equity markets reported 29 investments in October, mainly in the fields of internet, retail, clean technology, and real estate.

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