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皇冠体育app's mining sector sees multi-billion deals

By Cai Xiao (chinadaily.com.cn) Updated: 2014-08-04 17:34

There were 15 venture capital and private equity deals made in Chinese ng sector since the start of 2013, and the investment amount of eight ones reveals $4.37 billion in total deals, 皇冠体育appVenture Group told 皇冠体育app Daily on Monday.

The largest one was Guolian Industrial Investment Fund, which invested 24 billion yuan ($3.88 billion) in Pipeline United Co Ltd to acquire 20 percent shares in June, 2013.

"Mineral resources have been the material basis of social development, and because they are rare and finite, they get attention from venture capital and private equity investors," said Li Ling, an analyst at 皇冠体育appVenture Group.

With tougher competition in the Chinese venture capital and private equity market, there have been more specialized fun, including those in the mining sector.

皇冠体育app's mining sector sees multi-billion deals 皇冠体育app's mining sector sees multi-billion deals
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