Total technology industry artificial intelligence Venture Financing deals worth $980.3m were announced in China in August 2021, led by $308m Venture Financing of Newlinks (Beijing) Technology, according to GlobalData’s deals database.
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The value marked an increase of 56.5% over the previous month of $626.31m and a drop of 7.5% when compared with the last 12-month average of $1.06bn.
China held a 16.42% share of the global technology industry artificial intelligence Venture Financing deal value that totalled $5.97bn in August 2021.
In terms of artificial intelligence Venture Financing deal activity, China recorded 55 deals during August 2021, marking an increase of 17.02% over the previous month and a rise of 22.22% over the 12-month average.
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China technology industry artificial intelligence Venture Financing deals in August 2021: Top deals
The top five technology industry artificial intelligence Venture Financing deals accounted for 64.1% of the overall value during August 2021.
The combined value of the top five technology artificial intelligence Venture Financing deals stood at $627.97m, against the overall value of $980.3m recorded for the month.
The top five technology industry artificial intelligence Venture Financing deals of August 2021 tracked by GlobalData were:
1) China Merchants Capital Investment and CICC Capital ManagementLimited $308m venture financing deal with Newlinks (Beijing) Technology
2) The $108.05m venture financing of Shukun Technology by China Fund,Chunhua Capital,Future Innovation Fund.,Goldman Sachs Asset Management International Holdings,Jianjie Asia,Marathon Venture Partners,Primavera Capital Group,Ruizhi Capital,Sequoia Capital China Fund,WT Focus and Yuanyi Capital
3) Bank of Communications,Guotai Junan International,Industrial Investment (Beijing) Capital Management,Light Source Capital,Recent Capital and SPDB International $100m venture financing deal with Beijing Dipu Technology
4) The $61.92m venture financing of Geometry Partner by Baidu Ventures,Glory Ventures,Matrix Partners China,Puhua Capital,Silergy and Xiaomi Yangtze River Industry Fund
5) Coatue Management,GGV Jiyuan Capital,Hillhouse Ventures,Jinshajiang Ventures and Red Dot China $50m venture financing deal with Hangzhou Fork Intelligent Technology