Nov 1, 2014, Asian Legal Business
Private equity investments are continuing to flow into China with lucrative propositions, particularly in the technology, media and telecommunications (TMT) sector. The growth opportunities in the fast- expanding Chinese market are prompting foreign funds to proceed even with investments in restricted sectors despite risky legal structures, and to accept costly valuations.
“We are seeing a sustained uptick of private equity investments in [the] Chinese TMT sector,” says Joseph Chan, Shanghai-based partner at Sidley Austin, “The number of initial public offering (IPO) issues in 2014 have already surpassed the number in 2013 and 2012 combined.”
Indeed, according to PricewaterhouseCoopers’ MoneyTree China TMT Report Q3/Q4 2013, deal volume for TMT investments accounted for more than 50 percent of the total investments in China. - read more -
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