ERNST & YOUNG REPORTS VENTURE CAPITAL IN CHINA AT INTERSECTION
AsiaInfo Services, September, 2005
AsiaInfo Services 09-09-2005 Ernst & Young Reports Venture Capital in China at Intersection SHANGHAI, Sep 09, 2005 (SinoCast via COMTEX) -- Ernst & Young, the world's leading accounting and consulting firm, released a report on September 7, saying that venture capital is at an intersection in China market for now and the nation is still a little far from an active venture capital market. According to the report, China's venture capital activities fell 8.1% in the first half of the year compared with the same period last year.
On the contrary, such activities just soared to an all-time high of USD 1.27 billion a year earlier, meaning China's venture capital goes into a crucial turning port. In light of the experience in other emerging markets, it is...
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