A heady year in corporate venturing has drawn to a close, which means it is time to look back at the biggest investment trends of 2014 and forward to those likely to carry into 2015.

Although US-based internet giants were also busy during the year – Facebook bought WhatsApp, Oculus VR and LiveRail for a combined $21.5bn, while Google paid big money for Nest, Skybox Imaging and DeepMind –2014 marked the point at which the Chinese internet sector took a big leap forward as investors and acquirers, spurred by e-commerce company Alibaba.

Alibaba raised $25bn in a September initial public offering (IPO) that was the largest in history, and in the…