Despite tremors in the Chinese stock market seeing a collapse in value of the country’s listed businesses during last quarter, with a further crash today, the investment hungry corporate venturing units in the region remain unbowed.
Our quarterly data supplement, out later this week, shows the changes in-depth.
The top four largest deals in corporate venturing were all in Asia [see chart of the week], while the two largest exits were also in China, the $2.4bn sale of China-based classifieds business Ganji, backed by Nokia Growth Partners, and the initial public offering of Legend, the holding company which owns computer Lenovo, which is backed by insurer Ping An Insurance.
Global Corporate Venturing is told the aggressive investing by Chinese businesses is even crowding out smaller corporate venturing units looking to invest in the hottest Silicon valley deals.
It has to be wondered if the indiscriminate sell-off in China will temper this aggressive venture investing. Presumably a steep drop in the public markets should eventually impact start-up valuations and corporate venturing investor bullishness, To date we have seen no sign of this happening, however.
The graphs in our forthcoming Q2 supplement have been produced as part of our data visualisation makeover by QBIX Analytics. We are currently running a beta test of this data service with a select group of industry participants, and intend to firm up our data plans at some point shortly.