Fund ownership, investment preference, and performance : the venture capital industry in China

Shasha WU, Ting REN, Hongyan YANG

Research output: Book Chapters | Papers in Conference ProceedingsBook Chapter

Abstract

The venture capital (VC) industry has emerged and grown in China accompanying the development of the Chinese market economy Based on observations, the founding stage of the industry is during the period 1985–1997, when VCs were funded mostly by state capital, while a few foreign VCs, such as IDG, had just started to enter the Chinese market. The early developing stage spans 1998–2005, coinciding with the Internet investment boom in the United States, when a large number of oversea returnees brought capital back to China to create thousands of Internet companies.
Original languageEnglish
Title of host publicationDevelopments in Chinese entrepreneurship : key issues and challenges
EditorsDouglas CUMMING
Place of PublicationNew York
PublisherPalgrave Macmillan
Chapter7
Pages153-197
Number of pages45
ISBN (Print)978134968189
DOIs
Publication statusPublished - 2015
Externally publishedYes

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WU, S., REN, T., & YANG, H. (2015). Fund ownership, investment preference, and performance : the venture capital industry in China. In D. CUMMING (Ed.), Developments in Chinese entrepreneurship : key issues and challenges (pp. 153-197). Palgrave Macmillan. https://doi.org/10.1057/9781137412508_7