1. Deals Analysis
February 22, 2021

Technology industry big data Venture Financing deals total $328.26m in China in January 2021

By Carmen

Total technology industry big data Venture Financing deals worth $328.26m were announced in China in January 2021, led by $110m Venture Financing of Wenyuan Zhixing, according to GlobalData’s deals database.

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The value marked a decrease of 67% over the previous month of $993.65m and a drop of 8.1% when compared with the last 12-month average of $357.32m.

China held a 20.02% share of the global technology industry big data Venture Financing deal value that totalled $1.64bn in January 2021.

In terms of big data Venture Financing deal activity, China recorded 28 deals during January 2021, marking a decrease of 24.32% over the previous month and a rise of 27.27% over the 12-month average.

China technology industry big data Venture Financing deals in January 2021: Top deals

The top five technology industry big data Venture Financing deals accounted for 85.6% of the overall value during January 2021.

The combined value of the top five technology big data Venture Financing deals stood at $280.95m, against the overall value of $328.26m recorded for the month.

The top five technology industry big data Venture Financing deals of January 2021 tracked by GlobalData were:

1) China Development Bank Development Fund, Chuangyin Capital, CMC Capital Group, Guangdong Hengjian Investment Holding, Guangzhou Huacheng Venture Capital Management, Huajin Capital, Innovation Works, Kunzhong Capital, Qiming Venture Capital and Zhengzhou Yutong Bus’ $110m venture financing of Wenyuan Zhixing

2) The $100m venture financing of Beijing Tendcloud Tianxia Technology by CR Data Fund

3) Blue Chi Venture Capital, China Chengxin Group, Lightspeed China Investment, Shanghai Pudong Science And Technology Investment, Shanghai Yunfeng Investment ManagementLimited, Triumph Capital, Wind Information, Wuyuefeng Capital, Zhangjiang Group, Zhanxing Fund and ZJ Innopark’s $40m venture financing of Wayz.ai

4) The $15.48m venture financing of Baweitong Technology by CRRC and Inspur capital

5) Fengrui Capital, Ivy Capital and Yunfeng Fund L.P’s venture financing of Zhoupu Data Technology Nanjing for $15.47m.

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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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