PE, VC firms opt for China unicorns

1,582 deals made in first half of 2017, reaching new half-year high

Private equity and venture capital investors seem to have a preference for Chinese unicorn companies in the telecommunications, media and technology (TMT) sectors, a report from international accounting firm PricewaterhouseCoopers showed on Tuesday.

There were 49 private equity (PE) and venture capital (VC) deals in those sectors in the first half of 2017, and each had a single deal value worth more than $100 million, the PricewaterhouseCoopers report showed.