China gets record $31b in venture capital investment in 2016 despite global woes

China gets record $31b in venture capital investment in 2016 despite global woes

Chinese Yuan bank notes. Photo: Bloomberg

Megadeals in China helped bring a record $31 billion in venture capital investment into the country in 2016 despite a sluggish global economy and a sharp drop in the number of new deals, a report showed on Friday.

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