China's telecom, media and technology industry's share of total private equity and venture capital investments has risen significantly, a report from accounting firm PwC showed on Monday.

Macroeconomic volatility led to a significant decline in both the volume and size of overall private equity and venture capital deals in China in the first six months of 2013.

However, while investment decreased as a whole, the telecommunications, media and technology industry's share of total PEVC investments showed a significant rise. The average ratio for the first half of 2013 was 59 percent, compared to 46 percent for the same period of 2012, according to PwC's new China MoneyTreeTM Report 2013.

"An increasing number of traditional enterprises are beginning to leverage their competitive advantage and increase their market share through the Internet," said Gao Jianbin, PwC China technology industry leader. "This is why the TMT industry has proved relatively robust in a generally unfavorable investment environment."

According to the report, in the first quarter of 2013, there were 134 PEVC transactions in the TMT industry, accounting for 52 percent of total volume.

The total investment amount hit $1.07 billion, represented 33 percent of total PEVC deal value.

The TMT industry's share of deal volume grew to 66 percent in the second quarter on the back of a sharp increase on the previous quarter to 172 deals.