ZCZC
BCN-25
CHINA-INTERNET-FINANCING- INVESTMENT
Investment, financing in Chinese internet firms surge in Q2: report
BEIJING, July 22, 2018 (BSS/Xinhua) – China’s internet sector received
about 27.6 billion U.S. dollars in the second quarter of 2018, up 72.5
percent year-on-year, according to a report released Friday.
The number of internet companies receiving investment and financing in Q2
reached 727, up 87.4 percent year-on-year, said the report by China Academy
of Information and Communications Technology.
Areas receiving the most investment were internet finance, enterprise
service, e-commerce and online education, with 131, 100, 89 and 72 investment
cases respectively.
Internet financing companies received 16.2 billion U.S. dollars during the
period, accounting for nearly 60% of the total investment.
BSS/XINHUA/HR/1440