China VC investment rises ahead of Alibaba IPO
Investment into mainland venture capital funds and venture-backed companies climbs in the first quarter, as a resumption of IPOs in China provides a vital exit route for investors.
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Chinese venture capital activity has perked up, with funds raising $1.07 billion in Q1 and venture-backed IPOs reaping $2.05 billion, in the run-up to the much-anticipated listing of Alibaba in New York.
The $1.07 billion was raised by six venture funds that closed during the quarter, which is up 37% from Q4 2013, according to Dow Jones Venture Source research.
Qiming Venture Partners, based in Shanghai, led VC activity during the quarter, raising $500 million for its fourth VC …
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