random business news

doing the usual monday morning news catch-up and thought i'd share a couple snippits i found that show some interesting trends:

"Over the past four quarters, local [bay area] biotechnology and medical device companies collected $1.7 billion in venture capital investment, for the first time surpassing software companies that have long been the favorite of high-tech investors."

"China overtook South Korea as the second-largest Asian recipient of private equity money after Japan in the first half of the year, as total PE investment under management in Asia exceeded $100 billion for the first time. During the period, private equity investors spent $1.18 billion in China, 5 times more than in the same period last year."