Xorte is reporting that venture capital deals in the fourth quarter of 2007 were up 6% over that same period of 2006. The fourth quarter saw 60 deals, with $660 million being invested in China compared to 63 deals for a value of $622 million in the fourth quarter of 2006.

For the year as a whole, the big winner in 2007 on China's venture capital scene was the consumer and retail sector. It saw a record $1.25 billion invested in 94 deals last year. That's a growth rate of 83% over 2006.

Information technology companies got a smaller piece of the venture capital pie last year. Funding for IT dropped about 9%. But it was still the largest single market sector of VC funds, with 110 IT companies in China racking up about $992 million in venture funding last year. Half the deals and most of the money went to Internet-based information services companies.


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