China ranks first in 2018 global venture capital with USD 93.8 bln
Oct 19, 2018 (China Knowledge) - According to Crunchbase, an industry consultancy, China's venture capital presence around the world is continuing to grow stronger. China's total venture capital investment this year has reached USD 93.8 billion, largest investment the world. The U.S. ventures, with a capital investment of USD 91.6 billion, stand second in the list, USD 2.2 billion lower than China. The rest of the world's total venture capital in the year 2018 is just USD 53.4 billion, almost half of that of China.
Crunchbase said in its report that the main reason for this pattern is that more than USD 100 million "super venture capital" incidents continue to occur, especially in recent months. For example, artificial intelligence (AI) tycoon SenseTime has heavily invested this year, including USD 600 million in C rounds led by Alibaba in April, USD 620 million in C + rounds announced in May, and another USD 1 billion invested by Softbank China in September.
In fact, the latest report by PwC and CB Insights, early this year, had pointed to this trend. The report shows that global venture capital funds invested nearly 50% YoY more than USD 164 billion in 2017, while in Asia, venture capital funds more than doubled. In this regard, the performance of the Chinese market is quite conspicuous.
From 2010 to 2016, China ranked second in the 10 regions with the fastest annual compound growth rate of global venture capital (rounds A to D). However, on average, China ranked first with an average investment of USD 30 million. The considerable amount of single investment plus the rapid growth rate shows the strong vitality of China's venture capital market.
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