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Contribution to Book
Fund ownership, investment preference, and performance : the venture capital industry in China
Developments in Chinese entrepreneurship : key issues and challenges
  • Shasha WU, China Development Bank
  • Ting REN, Peking University, China
  • Hongyan YANG, Hong Kong Polytechnic University
Document Type
Book chapter
Publication Date
Palgrave Macmillan

The venture capital (VC) industry has emerged and grown in China accompanying the development of the Chinese market economy Based on observations, the founding stage of the industry is during the period 1985–1997, when VCs were funded mostly by state capital, while a few foreign VCs, such as IDG, had just started to enter the Chinese market. The early developing stage spans 1998–2005, coinciding with the Internet investment boom in the United States, when a large number of oversea returnees brought capital back to China to create thousands of Internet companies.

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Additional Information
ISBN of the source publication: 978134968189
Full-text Version
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Citation Information
Wu, S., Ren, T., & Yang, H. (2015). Fund ownership, investment preference, and performance: The venture capital industry in China. In D. Cumming, M. Firth, W. Hou, & E. Lee (Eds.), Developments in Chinese entrepreneurship: Key issues and challenges (pp. 153-197). New York: Palgrave Macmillan.