Mobility and Electric Vertical Take-Off Vehicles Attract Venture Capital at 2024 China International Fair for Trade in Service
2024 China International Fair for Trade in Service: A Hub for Mobility and Venture Capital
At the 2024 China International Fair for Trade in Service in Beijing, data suggests that Chinese firms in mobility and electric vertical take-off and landing vehicles are highly sought after by venture capital funds. A report shows that about 125 Chinese firms engaged in overseas operations secured funding across 156 deals between November 2023 and August 2024.
Investment Trends in Mobility and Technology
- The automotive and mobility sectors attracted 24.7% of the total investment deals, reflecting a robust interest in electric vehicles and futuristic technology.
- Funding valued at more than 100 million yuan constituted roughly 40% of the deals, illustrating investor confidence in these Chinese companies.
Furthermore, the report from Morketing indicates that the significant growth in funding has risen amidst a generally subdued venture capital environment.
Chinese Brands Leading the Charge
- Brand Power: Chinese brands saw a notable year-on-year growth of 17%, accredited to advancements in the automotive and smart device sectors.
- Cross-Border E-Commerce: Platforms such as Shein, Temu, TikTok Shop, and AliExpress enhance China's presence in global trade.
This optimistic outlook for Chinese companies demonstrates potential for a thriving post-pandemic recovery within the mobility and e-commerce industries.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.