Venture Capital Investments in China.

摘要

Venture capital (VC) has been growing rapidly in developing countries since 1990, but little research has been done on VC in developing countries so far. This research contributes to the knowledge of VC in developing countries by studying VC investments in China. China is an attractive starting point to study VC in developing countries because China is the superstar of developing countries in attracting VC investments. Detailed research on VC in China will be of great interests to various VC practitioners and policy makers in developing countries. This thesis provides a detailed description of the history of venture capital in China by using a unique data set of VC-backed firms collected by the author. It finds that venture capital experienced dramatic change in China in the 1990s.