Venture-capital firms continued to pour money into China in the first three months of 2015, putting the industry on course for another massive year. They were particularly fond of the consumer-services sector, which spawned eight of the top 10 deals and made up 67% of the overall investment.
Investors injected a combined $6.53 billion into venture-backed Chinese companies in the first quarter, which was down marginally from the record-breaking $6.86 billion committed in the fourth quarter of 2014 but well above the historical trend, data published by VentureSource show. Just three months into the year, the industry has already invested 40% of the record $16.21 billion that it committed to Chinese startups in 2014.
