China’s Web 2.0 Investment Continues to Expand
Mon, Sep 17, 2007
More than $200 million has been invested in Chinese growing number of internet and information services in the second quarter of the year, according to a new report.
The vast majority of this outlay has been invested in a wave of new Web 2.0 start-up companies, the darling of the Chinese internet boom.
It was also noted that as the Chinese internet market matured, the investment level were increasing.
Chinese internet start-ups had seen investment of $209 million, more than double the previous quarter, according to the research carried out by Ernst and Young.
There was a minimum of 22 separate deals conducted and on average each investment totalled $9 million.
Companies which received investment included social networks, wikis, blogs and other Web 2.0 companies.
Investment in the Chinese Information Technology market and internet companies rose 82% from the previous quarter to reach $347 million, the biggest quarterly figure for 4 years in China.
Tags: china-web-2.0, internet-startups, Web 2.0 News, web-2.0-investment
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September 18th, 2007 at 8:21 pm
China’s Web 2.0 Investment Continues to Expand
This story identifies which sectors of Web2 China is investing in. I’m not surprised that wikis are on top of the list…
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