In the last decade, investors have seen the amount of funds poured into businesses that include consumer discretionary and information technology (including consumer internet) grow by 400 per cent to $6.6 billion in the year to date. In relative contrast, old economy ventures that include materials, energy and telecoms have also grown but have been overtaken by emerging businesses, based on research by VCCEdge, the data platform of VCCircle.
In part, the trend defies what should be the growth arc of fast-developing nation with core areas seeing as much attention as possible but all the micro-indicators reflect an uneven maturing of