CHENGDU, Jan. 5 (NBD) -- The 2016 VC/PE financing scale in the culture and media sector amounted to 3.837 billion US dollars, up 26.75% year on year, according to data released by China Venture. The number of financing cases in such sector reached 241, a year-on-year increase of 15.86%, which indicates gradual market recovering.

The IPO financing scale in the culture and media sector in 2016 declined to 10.984 million US dollars, down 22.52% year on year.