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#1 2018-08-09 01:51:45

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BEIJING, April 18 (Xinhua) -- Investment in Chinese companies backed by venture capital declined in the first quarter of 2016, a new report has showed.

Economic concerns and a decline in global valuations have seen investors take a cautious, selective approach as Q1 2016 saw 25.5 billion U.S. dollars invested across 1,829 deals worldwide, down from 27.7 billion U.S. dollars and 1,907 deals in Q4 2015, according to the report by accounting firm KPMG and consulting firm CB Insights.

While the number of deals in China increased slightly from 78 in Q4 2015 to 85 in Q1, investment in the same time frame declined 45 percent to 4 billion U.S. dollars, around 40 percent of the record 10.2 billion U.S.dollars set in Q3 2015.

With most of the venture capital flowing to the service sector, a two-track economy is establishing itself in China.

Traditional industries to be adjusting to the realities of a slowdown while industries focusing on higher-value activities, including services, technology, healthcare and education seem very optimistic, the report said.

The Chinese economy expanded 6.7 percent in Q1 year on year, with the service sector growing 7.6 percent, outpacing agricultural and industrial sectors and accounting for 56.9 percent of the overall economy, up two percentage points from a year earlier, according to official data.

"In the future, we expect to see more buyout activities and consolidation in China. We also expect to see a lot more corporates setting up VC arms to make venture-type investments in order to get in the game and follow the lead of companies like Baidu, Alibaba and Tencent," said Lyndon Fung, a senior KPMG manager in China.

BEIJING Jordan 1 Aleali For Sale , Dec. 22 (Xinhua) -- China's top legislature opened its bi-monthly session Friday to review bills including draft laws on supervision, the prevention and control of soil pollution, and a draft revision to the law on farmers' specialized cooperatives.

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Several reports, including one on the implementation of the cybersecurity law and the protection of online information Jordan 1 Bred Toe For Sale , will be put under discussion, according to the agenda.

VIENTIANE, Jan. 27 (Xinhua) -- An agreement on Lao national television channel upgrade project with Chinese sponsor has been signed in Lao capital Vientiane.

The agreement was signed by the Economic Counselor of Chinese Embassy in Laos Wang Qihui and Bounchao Pichit Jordan 1 Los Primeros For Sale , head of Lao National Television on Friday.

The project includes upgrade of studio, editing system, transmission and conversion system Jordan 1 Game Royal For Sale , provision of high-definition broadcasting vehicles and portable transmission equipment, among others.

The project is expected to raise the production quality standard of Lao television programs and provide technical support for better exchange of radio, film and television between China and Laos.

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2018-08-09 01:51:45



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