Private equity and venture capital investments in China's telecommunications, media and technology industry have bounced back by the end of 2013, according to a private report.

After hitting a new low in the second quarter of 2013, PE/VC investments in the industry picked up in the second half of the year. The number of deals increased 82 percent from the first half of the year while total deal value jumped 49 percent to peak levels seen in 2012, PwC said in a report today.

"The industry is more vibrant and appealing to investors. Investment in this industry has not been substantially affected by volatility in the overall economic and investment environments," said Gao Jianbin, PwC China Technology Industry Leader.

In the third quarter of last year, 230 PE/VC transactions were completed in the telecommunications, media and technology industry, accounting for 48 percent of total volume across all industries. The number of deals reached 269 in the following quarter, representing 58 percent of the total.