China’s tech industry led private equity (PE) and venture capital (VC) investment in technology, media, telecom (TMT) industries in the second half of 2022, with semiconductor and information technology services in particular receiving the attention of private investors, according to a report released by accounting firm PwC on Thursday.
The confidence of China s private entrepreneurs in pursuing high-quality development is picking up, buoyed by new orders, enhanced competitiveness and an improving business environment.