Fosun's VC arm to invest aggressively in Internet Plus

The funding of both came directly from Fosun, but it is now financing a new yuan-denominated fund worth 600 million yuan, and another dollar-denominated one worth $250 million in which the investor base will be more diversified.

Since being formed, the two launch funds have invested in 36 deals at home and abroad, worth a total 1.1 billion yuan.

Those have included United States-based Scanadu, a Silicon Valley company that makes hand-held multi-sensor mobile health devices and personal health data platforms; Guahao.com, China's largest online hospital registration booking system, medical treatment and healthcare service platform; and HEcom, a leading domestic mobile sales management solution provider for small and medium-sized enterprises.

Six of its investment targets are due to be listed on the National Equities Exchange and Quotations, China's third national equity exchange which is popular among micro-sized, small and medium-sized companies, by the beginning of 2016.

"We generally look at some types of 'Internet Plus' deal: service commerce (or online-to-offline), business-to-business, digital entertainment and artificial intelligence," Wang said.

So far, finance, healthcare, education, travel, automobile and real estate sectors have been the most successful at generating new investment opportunities.

He reckons in the past too much venture capital investment went into business-to-consumer companies instead of business-to-business services, which have actually proved far more lucrative, and more beneficial to small and medium-sized enterprises.

The most recent figures from Zero2IPO Research Centre show there were 613 deals completed by Chinese venture capital and private equity companies in the first half of this year, worth a total of $16.4 billion－a 33.6 percent rise compared with last year.

Investment in the Internet sector was the most popular, followed by information technology, according to its findings.