1. Deals Analysis
July 16, 2019updated 17 Jul 2019 10:58am

Technology industry venture financing deals in June 2019 total $1.12bn in China

By Carmen

Total technology industry venture financing deals in June 2019 worth $1.12bn were announced in China, according to GlobalData’s deals database.

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The value marked a decrease of 12.4% over the previous month and a drop of 55.3% when compared with the last 12-month average of $2.51bn.

China held a 13.2% share of the global technology industry venture financing deal value that totalled $8.48bn in June 2019.

In terms of deal activity, China recorded 92 deals during June 2019, marking a decrease of 17.1% over the previous month and a drop of 25.2% over the 12-month average.

China technology industry venture financing deals in June 2019: Top deals

The top five technology industry venture financing deals accounted for 50% of the overall value during June 2019.

The combined value of the top five technology industry venture financing deals stood at $559.77m, against the overall value of $1.12bn recorded for the month. The top announced technology industry venture financing deal tracked by GlobalData in June 2019 was Baoshan Iron & Steel, China Baowu Iron and Steel Group, China Merchants Capital Management, China State-owned Enterprise Structure Adjustment Fund, China Structural Reform Fund, CITIC Securities Investment and Shanghai Baosteel International Economic & Trading’s $292m venture financing of Ouyeel InternationalLtd..

In second place was the $92.16m venture financing of Dailuobo by Gaochun Capital and Morningside Capital and in third place was Galaxy Holding Group Property, Hejun Capital, Huaxu Capital, Matrix Partners China, Rising Investments Management and ZWC Ventures’ $72.19m venture financing of RootCloud.

The $60m venture financing of Haoqipei by DCM Ventures, Jeneration, Access Technology Ventures, SIG China Investment One and XVC and China Equity International Holdings, Oceanpine Capital, Redpoint Ventures China, Riverhead Capital Investment Management, Tencent Holdings and Yunhe Partners’ venture financing of Shanghai Liaoyuan Technology for $43.41m held fourth and fifth positions, respectively.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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