ChinaVenture Capital Market Monthly Report July 2008
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14
deals were closed in July 2008
A total of 14 enterprises netted
VC investments In July 2008. The deal number decreased
by 51.7% month-over-month and went down by 50.0% year-over-year.
Total investment amount stood at US$265 million, basically
at the same level as the previous month while decreasing
by 14.2% year-over-year (Figure1-1). The average deal
size stood at US$18.9 million, jumping by 105.3% month-over-month
and increasing by 71.6% year-over-year. The decrease
in deal number in July 2008 can be largely attributed
to the seasonal factor. In addition, the economic recession
lowers profit expectations for this period and companies
trend to increased valuation, which has an adverse impact
on investments.
TMT
sector garnered 6 deals, slightly lower than that of
Non-TMT sector in July 2008.
The deal number of TMT sector decreased
while the average deal size increased in July 2008.
The TMT sector captured 6 deals with a total of US$136
million, representing 42.9% of all deals and 63.9% of
all dollars; The Non-TMT sector garnered US$128 million
going into 8 deals, accounting for 36.1% of all dollars
and 57.1% of all deals (Table2-1). The average deal
size of the TMT sector reached US$22.72 million, surging
by 98.95% month-over-month (Figure2-1). E-commerce and
Online Video enterprises raised a large amount of capital,
which uplifted the overall average deal size of the
TMT sector.
Investments
in hotspots experienced a relatively low scale
In July 2008, the deal number of
Internet, IT and Education sectors declined heavily
month-over-month. Remarkably, 3 Internet deals secured
US$84 million. The deal number of the IT sector decreased
by 62.5% and the investment amount dropped 14.13% month-over-month.
The IT sector only closed 1 deal, decreasing by 83.3%
month-over-month, and the investment amount was US$7.31
million (Table3-1). Notably, two Online Video enterprises
- Youku.com and KU6.com were again injected into a large
amount of capital.
Domestic
VCs contributed 14.3% of all deals
The weight of VC investments made
by domestic VCs decreased sharply in July 2008. Remarkably,
domestic VCs put US$17.55 million over 2 deals, which
represented only 6.6% of total investment amount and
14.3% of total deal number. The weight of deal number
backed by local VCs dropped by 72.4% and that of the
investment amount plunged by 87.2% month-over-month
(Figure4-1).
About
CVSource
Developed by ChinaVenture,
CVSource is an online database
on China venture capital and private equity industry.
The development of CVSource
lasted two years and it was officially released to public
in January 2008. Focusing on China equity market,
CVSource covers the entire
value chain of China venture capital and private equity
industry like detailed data and information on LPs,
funds, investment firms, investment professionals and
companies active in China as well as related financing,
M&A and IPOs.
About
ChinaVenture
ChinaVenture is a leading investment research and consulting firm which
provides 3rd party transaction, comprehensive statistics
and customized consulting to VC/PE firms, investment
banks, and enterprises active in
ChinaVenture
Investment Consulting, Ltd.
Rm.801, Building C, SOHO New Town, 88 Jianguo
Rd., Chaoyang District,
Beijing, P.R. China
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