China nearly matches Europe for VC funding in 2011
Chinese companies attracted $6 billion in venture capital funding in 2011, up 8% year-on-year, and putting the country at near parity with Europe, which saw commitments of $6.1 billion. On a country basis, the US remains the runaway leader, with VC funding rising 10% year-on-year to $32.6 billion, and China holds second place ahead of the UK, according to Dow Jones VentureSource.
China also ranks second by deal volume, with 332 transactions in 2011 to the UK's 274. It is the first time China has overtaken the UK since data for the country was first recorded in 2005. In the US,...
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