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Fund ownership, investment preference, and performance : the venture capital industry in ChinaDevelopments in Chinese entrepreneurship : key issues and challenges
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AbstractThe 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 InformationISBN of the source publication: 978134968189
Citation InformationWu, 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.