China’s telecommunications, media, and technology (TMT) industry remained the apple of investors’ eyes in the second half of 2016, maintaining rapid growth in both value and volume. A total of 1,478 PE/VC deals were recorded during the period, with a total value reaching US$ 25.02 billion, according to an industry report recently released by PwC China (in Chinese)

According to the report, PE/VC investments in the TMT sector remained dynamic in the country in the latter half of last year, representing more than half of the whole industry investments by value, with the highest single deal worth US$4 billion.

The total value of investments that had a single deal value over US$ 100 million accounted for nearly half of the TMT total investments during the reporting period, while a large number of investment deals were below US$ 100 million in terms of single deal value.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.