China becomes 2nd largest venture capital destination after U.S

Beijing  –  National Development and Reform Commission (NDRC) on Friday said China has become the world’s second largest destination for venture capital (VC) after the U.S.

Deputy Head of the NDRC Lin Nianxiu said at a news briefing that VC and angel investment are growing rapidly, claiming there are over 3,000 funds managing more than 1 trillion Yuan (around 150 billion dollars).

“Chinese start-ups have become a new favourite for investors.

“The number of new firms has continued to increase due to easier market access.

“About 1 million companies were registered in Q1, up 25.9 per cent from a year ago, while emerging and modern tertiary sectors led the trend,’’ Lin said.

Report says the service sector grows 7.6 per cent year on year in Q1, outpacing a 6.7-per cent GDP increase. (Xinhua/NAN)

MTN News Alert
To receive our mobile newspaper on MTN delivered on your phone, text SAWD to 4900 at N50 per week or SAMD to 4900 at N150 per month.
For information on press releases, photos, promotional events and adverts, call or send text to 08173460599 or 08094208271or send email to:

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *


Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: +234(0)92900705, +234(0)8173460599
Whatsapp: +234(0)8053069436
BBM PIN: 5619150D

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate