找回密码
 立即注册
首页 Financial China 查看内容
  • QQ空间

China corporate VC investment led by tech giants hits 20b yuan

2020-1-15 14:56

 

Corporate venture capital (CVC) in China grew rapidly with 20.3 billion yuan ($2.94 billion) funding in 2018, accounting for 17 percent of the total venture capital investments, and tech giant firms ruled the top five most active CVC investors, according to a new industrial report.

The report "2019 China Corporate Venture Capital Development Report" was released by the Entrepreneurial Finance and Economic Growth Research Center and Center for Global Merger Acquisition and Restructuring of Tsinghua University and CyZone, a provider of information on startups.

In the last five years, CVC - equity investments in startups made by corporate entities - has steadily risen in the global market, Tian Xuan, associate dean of Tsinghua PBCSF, was quoted by a China News report.

Global CVC funding saw a sharp increase in 2018, up by 47 percent year-on-year to $53 billion, and corporate venture units participated in 2,740 investment deals, rising 32 percent, with each worth $26 million on average.

CVC investment deals backed by high-tech giants, such as Tencent Investment, Alibaba Capital Partners, JD Capital, Fosun International, and Haier Capital, dominated the market. The five companies were the most active CVCs in China in 2018, according to the report.

"It is clear that whether in China or the United States, CVC giants are mostly high-tech companies," said Tian.

The report also noted that CVC firms invested heavily in software industries and internet startups, accounting for 40 percent of total CVC investments, much higher than the 13 percent investment in manufacturing.

It has been 21 years since China entered the CVC market in 1998. As China's economy shifts from high-speed growth to high-quality development driven by technology innovation, CVC is seen as one of the powerful engines to fuel China's technology and entrepreneurship development.

Tian Xuan also stressed that CVC was of great significance to boost technology innovation.

"Compared with traditional venture capital, CVC has the advantages of a longer investment cycle and higher risk tolerance, and it can offer startups with more value-added service," he said.

 

一份新的行业报告显示,2018年,中国企业风投(CVC)以203亿元人民币(29.4亿美元)的融资规模迅速增长,占风险投资总额的17%,科技巨头公司占据了最活跃的CVC投资者的前五名。


《2019年中国企业风险投资发展报告》由创业金融与经济增长研究中心、清华大学全球并购重组中心和创业信息提供商神州公司联合发布。


中国新闻报道援引清华大学清华大学附属学院副院长田璇的话说,在过去的五年里,CVC在全球市场的份额稳步上升。


全球CVC投资在2018年大幅增长,同比增长47%,达到530亿美元,企业风险投资部门参与了2740笔投资交易,增长32%,平均每笔价值2600万美元。


由腾讯投资(Tencent investment)、阿里巴巴资本(Alibaba Capital Partners)、京东资本(JD Capital)、复星国际(Fosun International)和海尔资本(Haier Capital)等高科技巨头支持的CVC投资交易占据了市场主导地位。报告称,这五家公司是2018年中国最活跃的cvc。


“很明显,无论是在中国还是美国,CVC巨头大多是高科技公司,”田说。


该报告还指出,CVC公司在软件行业和互联网初创企业上投资巨大,占CVC总投资的40%,远高于制造业的13%。


1998年,中国进入CVC市场,至今已有21年。随着中国经济由高速增长转向以技术创新为动力的高质量发展,CVC被视为推动中国科技创业发展的强大引擎之一。


田璇还强调,CVC对推动技术创新具有重要意义。


他说:“与传统的风险投资相比,CVC具有投资周期长、风险承受能力强的优势,可以为初创企业提供更多的增值服务。”

原作者: Zhao Shiyue 来自: china daily