Aug 19, 2022 06:18 AM

FINANCE

More Tech, Media and Telecom Companies Raise Funds in China

By Liu Peilin and Bonnie Cao

IPOs launched by Chinese TMT companies totaled 68 during the first half, down from 74 deals completed in the second half 2021

IPOs launched by Chinese TMT companies totaled 68 during the first half, down from 74 deals completed in the second half 2021

Chinese technology, media and telecommunications (TMT) companies are increasingly looking to domestic markets for fundraising amid growing headwinds for trading shares abroad, global consulting firm PricewaterhouseCoopers said Thursday in a report.

Initial public offerings by TMT companies on offshore markets including Hong Kong declined to 3% of total financing in the first half of 2022 from 25% in the second half of 2021, according to PricewaterhouseCoopers (PwC).

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