Chinese firms in mobility and hardware fields are big draw for venture capitalists

Quick Summary:

125 Chinese firms with overseas operations received funding across 156 deals during the period between November 2023 and August this year.

A visitor takes a photo of Chinese luxury carmaker Hongqi’s new EH7 electric vehicle car, which will start sales in Europe this autumn, during the 2024 China International Fair for Trade in Services at the China National Convention Centre in Beijing on September 12, 2024.

The proportion of financing valued at more than 100 million yuan (US$14 million) accounted for roughly 40 per cent of those deals, the report showed.

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Article Details

Author / Journalist: Coco Feng

Category: Business

Markets: Hong KongChina

Topics: China Report Companies Deals Chinese Fair Trade According 2024 Friday International

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 20:00:12 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 218 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22492795

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