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在线翻译:
szdaily -> Business -> 
Investments in TMT sector rebound sharply
    2021-05-13  08:53    Shenzhen Daily

Zhang Yu

JeniZhang13@163.com

PRIVATE equity and venture capital (PE/VC) investments in China’s technology, media and telecommunications (TMT) industry recovered strongly in the second half of 2020, with total values reaching the highest levels since the second half of 2018, according to the Money Tree Report published by PwC yesterday.

The TMT industry recorded 2,063 deals in the second half of 2020, a 74 percent increase from the first half year. Investment value in the TMT industry reached US$34.685 billion, a significant increase of 148 percent from the prior period, according to data from investment deals that disclosed their financial terms.

Additionally, the number of large deals had risen significantly, with 55 deals sized over US$100 million, a 120 percent increase from the previous period, according to the report.

The technology industry retained the top spot for investment among the four sub-sectors of the TMT industry in the second half of 2020, as it continued to see a growth in volume and value. Within the industry, the semiconductor sector continued to attract an influx of investments.

In total, there were 1,390 investment deals in the technology industry, an 83 percent increase from the first half of the year. Combined investment value came out at US$21.823 billion, marking a substantial 176 percent increase from the previous period.

“As a result of the China’s strong support for technology innovation, semiconductors, 5G construction, big data centers, artificial intelligence, IoT centers, and companies both upstream and downstream of the TMT industry chains have become investment hot spots,” said Jensen Wang, an assurance partner with PwC China.

The COVID-19 pandemic has also presented investment opportunities in specific industries such as Internet education, e-commerce, and online services, said Wang.

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