Venture Capitalists Flock to Chinese Firms in Mobility and Hardware Fields: 156 Overseas Deals Inked in Ten Months

Venture capitalists are significantly attracted to Chinese companies in the mobility and hardware sectors. Throughout the timeframe from November 2023 to August of the current year, 125 such Chinese companies operating internationally secured investment in 156 separate deals.

Approximately 125 Chinese companies with international ventures secured financing through 156 transactions between November 2023 and August of this current year, as stated in a study by Morketing, a mobile marketing research company based in Beijing. Morketing also organized a gathering on Friday which was part of a four-day exhibition that wraps up on Sunday.

Approximately 40% of the funding was worth over 100 million yuan (US$14 million), as indicated by the report. This marked an increase from the 33% recorded in the initial 10 months of 2023, during which time 153 companies from the mainland participated in 172 finance transactions.

This suggests that the faith in Chinese firms within the capital market, and the acknowledgement of their potential for future growth, is progressively intensifying, as stated by Morketing in the report published on Friday.