HONG KONG — The venture capital (VC) business in Asia is beginning to rival that in North America, home to Silicon Valley and birthplace of the modern VC model.
Investments in China and India, where most of the big deals are taking place, more than tripled to US$16.9 billion (S$23.5 billion) in the third quarter, slightly below the US$17.5 billion invested in North America, according to London-based consultancy Preqin.
