2024 Chinese Corporate Venture Capital (CVC) Development Report
- Editor
- Mar 15
- 1 min read
Whats Happening:
China's Corporate Venture Capital (CVC) sector showed resilience in 2024 despite a challenging environment. New CVC fund registrations decreased by 41.7% to 193, but CVC's share of private equity funds remained stable at 4.4%. CVCs backed 55% of new unicorns and were involved in 33.3% of IPOs, demonstrating their significant role in China's innovation ecosystem.
Key Moves:
193 new CVC funds registered in 2024, down 41.7% from 2023
CVCs participated in 1,027 investment events, a 42% year-on-year decrease
CVCs backed 11 out of 20 new unicorns in China, accounting for 55%
By The Numbers:
CVC's share of private equity funds remained stable at 4.4%
33.3% of IPO enterprises in China had CVC investment
CVCs participated in 37.4% of large investment events exceeding $100 million
Bottom Line:
Despite a significant decrease in new fund registrations, Chinese CVCs demonstrated their resilience and importance in the country's innovation ecosystem in 2024. Their continued strong presence in unicorn investments and IPOs underscores their vital role in nurturing and supporting high-growth companies, even in a challenging market environment.
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