China has reached parity with Europe in venture capital financing for the first time ever.
According to data from Dow Jones VentureSource, in 2011 Chinese companies received $6 billion in venture capital equity financing, up 8% from the previous year, compared with $6.1 billion in Europe. That’s a sharp drop for European start-ups, who until 2009 were still receiving 86% more in venture capital financing than their Chinese counterparts, and 20% more in 2010.
In country rankings, that puts China in second place. In third place was the U.K., where VC financing for firms fell 32% year-to-year to $1.7 billion, though the U.S. remains, far, far ahead, where VC financing rose 10% year-to-year to $32.6 billion in 2011.
To read the full, original article click on this link: Venture Capitalists Flock to China, Leave Europe Behind - Deal Journal - WSJ
