1. Deals Analysis
December 24, 2021

Technology industry artificial intelligence Venture Financing deals total $1.8bn in China in November 2021

By Carmen

Total technology industry artificial intelligence Venture Financing deals worth $1.8bn were announced in China in November 2021, led by $500m Venture Financing of Momenta.ai, according to GlobalData’s deals database.

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The value marked an increase of 267.6% over the previous month of $476.08m and a rise of 47.1% when compared with the last 12-month average of $1.19bn.

China held a 29.26% share of the global technology industry artificial intelligence Venture Financing deal value that totalled $5.98bn in November 2021.

In terms of artificial intelligence Venture Financing deal activity, China recorded 35 deals during November 2021, marking an increase of 2.94% over the previous month and a drop of 22.22% over the 12-month average.

China technology industry artificial intelligence Venture Financing deals in November 2021: Top deals

The top five technology industry artificial intelligence Venture Financing deals accounted for 71.6% of the overall value during November 2021.

The combined value of the top five technology artificial intelligence Venture Financing deals stood at $1.25bn, against the overall value of $1.8bn recorded for the month.

The top five technology industry artificial intelligence Venture Financing deals of November 2021 tracked by GlobalData were:

1) Bosch Rexroth,Cathay Capital (China),General Motors,GGV Jiyuan Capital,IDG Capital,Mercedes-Benz Vans,SAIC Motor,Shunwei Capital Partners,Temasek Holdings (Private),Tencent Holdings,Toyota Motor and YF Capital $500m venture financing deal with Momenta.ai

2) The $313m venture financing of Moore Threads by Bohai Zhongsheng,CCB International Holdings,China Merchants Securities,Qianhai FOF,Shanghai guosheng (group) and Source Code Capital

3) BlueRun Ventures,Capital Today,Grand Flight Investment Management,JinYi Capital and SoftBank Vision Fund $187.67m venture financing deal with Shanghai Gaussian Automation Technology Development

4) The $150m venture financing of Hongsheng Information Technology by CMC Capital Partners,DCM Ventures,Goldman Sachs Asset Management,Jingwei Venture Capital (Beijing) Investment Management Consulting,Lavender Hill Capital Partners,Matrix Partners,Source Code Capital,V Fund Management,Yunhui Capital,ZhongWei Capital and ZWC Management

5) Blue Lake Capital,GGV Capital,GL Ventures,GSR Ventures and Tiger Global Management $100m venture financing deal with Beijing Xiruiyasi Technology

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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