China International Fair Spotlights Mobility and Electric Vertical Take-Off Vehicles for Venture Capital Investment
Growing Interest in Mobility at the 2024 China International Fair
At the 2024 China International Fair For Trade In Service in Beijing, insights reveal that Chinese companies are increasingly capturing the attention of venture capital funds. Notably, companies involved in mobility and electric vertical take-off and landing vehicles are leading the charge, affirming the confidence investors have in the potential growth of these sectors.
Financing Trends and Market Insights
According to a report by Beijing-based Morketing, approximately 125 Chinese firms with overseas operations secured funding through 156 deals from November 2023 to August this year. The data indicates a shift, with 40% of financing valued over 100 million yuan. Prior to this, only 33% reached that threshold.
- 24.7% of deals related to automobile and mobility technologies.
- 16.4% related to intelligent hardware.
- 29 deals in the automobile mobility sector, a significant increase from the previous year.
Fang Fenglei, a notable figure in Chinese private equity, acknowledged that government support was crucial, attributing 80% of investments to state-owned enterprises. As venture capital experiences lows, the resilience and innovative spirit of Chinese tech firms shine through.
Broadening Scope of Chinese Brands
Rui Feng of Google highlighted a 17% growth in brand power among mainland firms, emphasizing their increasing influence in the automotive and smart device sectors. This report accentuates the need to navigate regulatory challenges around user privacy and data security.
Amid post-pandemic recovery, companies like Shein, PDD Holdings’ Temu, ByteDance's TikTok Shop, and Alibaba Group Holding's AliExpress have become pivotal in facilitating cross-border e-commerce. Latest reports estimate that China's e-commerce landscape reached nearly 17 trillion yuan in 2023.
Chinese Companies Pave the Way for International Trade
With the burgeoning presence of Chinese companies in global markets, the shift towards international trade is evident. Merchants and platforms are positioning themselves to serve the evolving landscape of cross-border e-commerce, illustrating a commitment to adapt and thrive.
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.