A total of 36 IC-related companies received funding, up

percent from the first half of 2018, and three of them each obtained more than $100 million in investment. Cloud computi

ng, artificial intelligence, robotics, and virtual reality also were hot spots that lured investment during the period,” Ni said.

Ni added although the technology industry is rapidly expanding under favorable polic

es, internet and mobile internet are still the attractive sectors in the TMT industry. Internet finance, ian

ternet-based education, fragmented entertainment and content sharing were hotly pursued by investors.

“The setup of the science and technology innovation board will improv

e the inclusiveness of the domestic capital market towards emerging enterprises, and o

pen a new financing and exit channel. The board offers a new platform for high-tech emerging enterprises, and tech

nology companies are expected to kick off a new wave of IPOs,” Janson Yang, PwC China assurance partner, said.

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