Venture Investment Volume and Value Both Rise in Q3, Single-Quarter Deals Exceed 400 Billion Yuan

The recovery in China's venture capital market became more pronounced in the third quarter of this year. Based on data compiled by IT Orange, China's primary market recorded 3,566 investment and financing deals in Q3 (excluding mergers and acquisitions, IPOs, and post-IPO financing), with total investment and financing amounting to 424.81 billion yuan (deals with undisclosed amounts are not included in the statistics), up 42.1% and 74.3% respectively from the same period last year. Venture capital funds are accelerating into "hard technology" sectors such as advanced manufacturing, artificial intelligence, healthcare, and robotics. (Economic Reference Daily)