The China venture capital explosion, already seen in 2016, continues at record levels in 2017, driving development in China’s life sciences. According to data compiled by ChinaBio® Group, China life science venture/private equity funds have raised $45 billion and invested $12 billion over the past 30 months. They closed $20 billion in new funds during 2016 and are on track to hit $30 billion this year. At this rate, they could raise a total of $60 billion over three years, a promise of continuing support for China life science companies. “It’s the best time ever to be a life science entrepreneur in China,” summarized Greg Scott, Founder and CEO of ChinaBio.
