Friday, May 24 2013 10:51 PM EDT2013-05-25 02:51:15 GMT
The Indiana Pacers are trying to even the Eastern Conference finals in Miami. Indiana has opened up a 12-point lead late in the first quarter. Roy Hibbert leads the Pacers with eight points. LeBron JamesMore >>
The Indiana Pacers are trying to even the Eastern Conference finals in Miami.More >>
Friday, May 24 2013 10:47 PM EDT2013-05-25 02:47:37 GMT
A female pedestrian is in the hospital after being struck by a vehicle on the northeast side of Indianapolis. The woman was hit on E. 34th Street, between Gladstone and Colorado, around 9:45 p.m. Friday.More >>
A female pedestrian is in the hospital after being struck by a vehicle on the northeast side of Indianapolis.More >>
Friday, May 24 2013 10:41 PM EDT2013-05-25 02:41:45 GMT
A couple from Elwood face charges after police say they found a marijuana growing operation in their basement. Stephen Stookey, 70, and Marilyn Stookey, 69, were arrested after police raided their homeMore >>
A couple from Elwood face charges after police say they found a marijuana growing operation in their basement.More >>
Friday, May 24 2013 10:04 PM EDT2013-05-25 02:04:40 GMT
Two people are in custody after an incident where an IMPD officer fired his duty weapon. Police say officers were investigating an incident in the 3200 block of Boulevard Place when a suspect failed toMore >>
Two people are in custody after an incident where an IMPD officer fired his duty weapon.More >>
Friday, May 24 2013 9:59 PM EDT2013-05-25 01:59:31 GMT
Indiana University President Michael McRobbie is recommending tuition and fee increases of 1.75 percent for Indiana residents in each of the next two years at the school's Bloomington campus. The universityMore >>
Indiana University President Michael McRobbie is recommending tuition and fee increases of 1.75 percent for Indiana residents in each of the next two years at the school's Bloomington campus.More >>
Friday, May 24 2013 7:55 PM EDT2013-05-24 23:55:55 GMT
A Greenfield police officer is fighting to keep his vanity license plate. Rodney Vawter has owned the personalized Fraternal Order of Police license plate "0INK" for the past three years. A class actionMore >>
A Greenfield police officer is fighting to keep his vanity license plate after it was revoked by the BMV.More >>
Friday, May 24 2013 6:44 PM EDT2013-05-24 22:44:52 GMT
Andretti Autosport has five cars in the top nine in Sunday's Indianapolis 500. Any of them could win the race. The team has already won three out of four INDYCAR races this season. One of the AndrettiMore >>
I'm picking Marco to finally add another win to the Andretti legacy at Indianapolis.More >>
Friday, May 24 2013 6:32 PM EDT2013-05-24 22:32:12 GMT
One of our city's best-known landmarks could soon see some changes not just in the way it looks, but in the way it's used. Friday's Memorial Day service is one of many events that takes place on MonumentMore >>
One of our city's best-known landmarks could soon see some changes not just in the way it looks, but in the way it's used.More >>
Friday, May 24 2013 5:58 PM EDT2013-05-24 21:58:56 GMT
East side residents are questioning the safety of a crosswalk where a pedestrian was killed by an IMPD cruiser Thursday night. Richard Allen Moore died after he was struck by IMPD Ofc. Jason Rauch atMore >>
East side residents are questioning the safety of a crosswalk where a pedestrian was killed by an IMPD cruiser Thursday night.More >>
Friday, May 24 2013 5:49 PM EDT2013-05-24 21:49:53 GMT
St. Vincent Health's restructuring announcement this week did not come as a surprise. The 22-hospital system currently employs more than 3,000 physicians and 16,000 other employees. St. Vincent CEO VincentMore >>
The St. Vincent announcement is really the latest installment by hospitals trying to deal with the uncertainty to come.More >>
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SOURCE Dow Jones VentureSource
China stays ahead of the U.K. in investment, but drops behind in deal flow
HONG KONG, Feb. 24, 2013 /PRNewswire/ -- Venture capital investment in mainland China experienced a decline during the fourth quarter, with companies raising $854 million, a drop of 42% from the same period a year ago, according to Dow Jones VentureSource. The number of deals completed over the three month period also fell, by 52% to 39 in total.
Overall in 2012, investment declined by 40% from 2011 levels to $3.7 billion, with the number of deals falling by 44% to 202. China stayed ahead of the U.K. in terms of investment, where companies raised €1.4 billion, but not in deal flow, as the U.K. completed 295 deals. Europe as a whole collected €4.4 billion in 1074 deals. The U.S. raised $29.7 billion for 3,363 deals.
So far, 2011 has been the highest year on record for investment in mainland China, with US$6.2 billion deployed across 362 deals over that 12-month period.
Commenting on the decline, Guido Schenk, Asia Pacific sales director for Dow Jones VentureSource, said, "Although the decline of VC investments during 2012 follows similar trends to those recorded in 2008, the key difference was that last year the share of profitable companies to receive VC funding was much smaller than it was five years ago. Given that companies need to be profitable prior to IPO in China, it is unlikely that 2012 VC investments will lead to the same boom of IPOs that we witnessed between 2009 and 2011."
In addition, IPOs as a main exit route for Chinese VC investments showed a sharp decline in the fourth quarter, where only three IPOs were recorded; a fifth of the number recorded in the same period a year earlier. From these, only $167 million was raised, the lowest number in China since 2009, and just 10% of the amount raised in the fourth quarter of 2011.
Continuing Investment Declines for Most Industry Groups
Investment in Consumer Services, the leading industry for venture capital in China, declined by 35% to $591 million during the fourth quarter of 2012. Deal flow declined by 59% to 17 deals completed.
Despite receiving 55% of all venture capital invested in China during 2012, overall Consumer Services investment and deal flow declined by 42% and 44% respectively from 2011, with $2 billion collected in 96 deals.
Information Technology (IT) managed to secure the second largest allocation, despite a 46% decline in investment and a 39% drop in the number of completed deals year-over-year. The industry collected $536 million for 43 deals. This decline was due largely to a weak fourth quarter in which investment amounted to $34 million for 6 deals, a respective 83% and 63% drop from the same quarter a year earlier.
Financial Services Rounds Out a Strong Year
Investment in Business and Financial Services companies defied the downturn during the year with the industry collecting $458 million, a 2% uptick from 2011. Deal activity fell, however, by 41% to 27 completed. The uptick in investment was a result of a strong year for the Financial Institutions and Services sector, in which seven venture capital deals amassed $203 million.
Investment in the Healthcare industry fell in 2012, with 11 deals collecting $179 million, a respective drop of 15% and 45% from 2011 figures. Biopharmaceuticals, the dominant industry segment, experienced a drop of 68% in capital invested and 29% in deals completed, with companies raising $85 million in a total of five deals. In contrast, Medical Devices and Equipment companies managed to garner $70 million for four venture capital deals, doubling the equivalent figures for 2011.
Energy and Utility companies also experienced substantial drops in venture capital invested during 2012. The industry collected $58 million, a decrease of 48% from 2011. Deal flow halved from eight in 2011 to four completed for 2012.
Friday, May 24 2013 11:46 AM EDT2013-05-24 15:46:25 GMT
A woman faces sentencing Friday for her part in the shooting death of a female basketball star. The shooting happened last July at Ben Davis Park on the city's west side. Witnesses say Vincennes UniversityMore >>
A woman faces sentencing Friday for her part in the shooting death of a female basketball star.More >>
Friday, May 24 2013 11:19 AM EDT2013-05-24 15:19:14 GMT
Police are seeking criminal charges against two missing campers who were found on the Indiana National Guard's Camp Atterbury. Bartholomew County sheriff's Maj. Todd Noblitt says the two men, ages 19More >>
Bartholomew County sheriff's Maj. Todd Noblitt says the two men, ages 19 and 20, were found Wednesday after a ground and air search for several hours by police officers and soldiers of the Atterbury grounds near Edinburgh.More >>
Friday, May 24 2013 5:02 PM EDT2013-05-24 21:02:40 GMT
A pedestrian was seriously hurt after being struck by a police officer on the east side of Indianapolis. The accident happened around 9:30 p.m. Thursday near the intersection of 42nd Street and EmersonMore >>
The family of Richard Allen Moore told Eyewitness News that he was killed in the accident.More >>
Friday, May 24 2013 11:29 AM EDT2013-05-24 15:29:00 GMT
Authorities say a cat might have started a central Indiana house fire by knocking over a lamp. The fire happened Thursday in the town of Chesterfield just east of Anderson. Chesterfield deputy fire chiefMore >>
Authorities say a cat might have started a central Indiana house fire by knocking over a lamp.More >>
Friday, May 24 2013 11:22 AM EDT2013-05-24 15:22:46 GMT
It will likely be months before a judge rules on whether a new trial should be granted to a man convicted of killing an Indiana University student who disappeared during a 2000 bike ride. A Morgan CountyMore >>
It will likely be months before a judge rules on whether a new trial should be granted to a man convicted of killing an Indiana University student who disappeared during a 2000 bike ride.More >>
Thursday, May 23 2013 4:20 PM EDT2013-05-23 20:20:10 GMT
One of Indiana's largest health systems says it's cutting an undisclosed number of jobs by June 30 because of increasing economic and competitive pressure on the health care industry. Indianapolis-basedMore >>
One of Indiana's largest health systems says it's cutting an undisclosed number of jobs by June 30 because of increasing economic and competitive pressure on the health care industry.More >>
Friday, May 24 2013 3:37 PM EDT2013-05-24 19:37:35 GMT
An act of credit card fraud has been traced back to a downtown Indianapolis restaurant. Some workers upstairs love walking downstairs for a bite at Ike and Jonesy's downtown. But they say the bite isMore >>
The owner of Ike & Jonesy's downtown says he is working to find out how the credit and debit cards of several customers and employees could have been compromised.More >>
Friday, May 24 2013 10:26 AM EDT2013-05-24 14:26:01 GMT
Officials with the Indianapolis Motor Speedway tell Eyewitness News that 35 runners from the Midwest who did not complete the Boston Marathon because of the tragedy there will be finishing that race atMore >>
The Speedway invited runners to cross the finish line on race day morning before the start of the race. They will be running from Turn Four across the historic Yard of Bricks.More >>