Page 186 - How China Is Winning the Tech Race

Chapter Seven
1. Sequoia’s most recently raised U.S. fund totaled $860 million.
2. Global venture capital investments hit $32 billion in 2006, the highest
level since the dot-com boom of 2001, according to VentureOne and Ernst
& Young.

3. The source for China fund sizes and numbers of investments is Asian
Venture Capital Journal.

4. U.S. venture funds hit $24.7 billion in 2006. The source for U.S. fund
sizes and numbers of investments is Dow Jones Venture One.
5. China accounted for more than one-third of the 307 Asian companies
that got venture financing in 2006. The source is Asian Venture Capital
Journal.
6. In the United States, there were 2,441 venture financings in 2006 and
2,307 in 2005, according to Dow Jones Venture One. These numbers include
venture capital from seed rounds to later-stage financing.
7. Bolstered by two megadeals, Chinese company initial public offerings
(IPOs) raised the world’s most capital at $56.6 billion in 2006, followed by
U.S. companies at $34.1 billion. China also chalked up the world’s largest
IPO ever, the $22 billion raised from the nation’s largest state-owned bank,
Industrial Commercial Bank of China. Tech IPOs from China are not shabby
either. Eight Chinese tech firms that went public in 2006 raised a combined
$6.3 billion on Nasdaq and the New York Stock Exchange.

8. The source is Venture Capital Journal.
9. The source is EMAlternatives, an advisory firm for institutional
investors.

10. With the new stiffer requirements and higher fees for listing a company
on Nasdaq and the New York Stock Exchange, the lower-profile Hong Kong
Stock Exchange has emerged as an alternative.

Chapter Eight
1. Research is from International Data Corp.
2. The forecast is from the industry expert Telematics Research Group.

160 SILICON DRAGON