Venture capital and private equity deals made in China reached a record high in the first 11 months of 2014, benefiting from the rising number of startup companies and the restructuring of state-owned enterprises (SOEs), according to a report by Zero2IPO Group. 1,873 venture capital deals were made in the first 11 months of this year with an investment value of USD15.6 billion, a 135.9% increase on the full year 2013. Another 892 private equity deals were made during the same period worth a total of USD50.4 billion, a 105.7% increase on last year. “Venture capital investment in China has been active this year because of the improving conditions for raising funds and the rising number of startup companies,” said Ni Zhengdong, Chairman of Zero2IPO Group. The study showed that 231 new VC funds were set up in the first 11 months worth USD15.4 billion, a 122.6% increase in value on last year. It also showed about 60% of the VC deals made during the period were at the startup stage. The Zero2IPO report said the internet sector was the most popular this year for VC investment, followed by the mobile internet and healthcare sectors. The internet sector was also the most active for PE investment in the first 11 months, followed by the real estate and healthcare sectors, the China Daily reports.