Startup firms enjoy record year for financing

Venture capital firms invest in 1,555 China deals, with investment funds totaling $37 billion

Startup companies from China made a record in terms of financing value from venture capital investors last year, with encouraging policies, ample sources of capital and a strong entrepreneurial spirit seen as the factors driving this.

According to London consultancy Preqin Ltd, venture capital firms invested in 1,555 China deals and their investment funds totaled $37 billion, more than double the previous year's total.