Entrepreneurial ventures are an important source of economic growth and technological advance. China is a vibrant entrepreneurial setting, second only to the US in total startup numbers and funding amounts.
Increasingly, incumbent firms seek to harness innovative ventures through a practice known as corporate venture capital (CVC).
Corporate venturing has expanded well beyond the US setting. While CVC investments in North America accounted for more than 60% of global CVC deals in 2013, by 2018 the proportion had declined to 41%, and is now on par with CVC activity in Asia, according to 2019 Global CVC Report by CB Insights. Our integrated dataset covers 3,298 public firms in 286 industries;…
