Mon, Aug 15, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asia: Venture capital investment in e-commerce reached a record high in 2018

Tuesday, July 23, 2019

Laxman Pai, Opalesque Asia:

Even though the total number of venture capital deals has decreased in the past three years, the total value of venture capital investment in the e-commerce sector in Asia has grown continuously.

According to Preqin, in 2018, 942 deals were completed for a record-high total value of $34bn.

Emphatically, China has dominated the e-commerce market in Asia, recording 503 deals in 2018 which amounted to $21bn - this accounts for 62% of the total deal value in the e-commerce sector in Asia in that year.

Among the notable transactions, Pinduoduo, Inc.'s Series C funding raised $3bn from Tencent and Sequoia Capital, taking its valuation to $15bn.

Pinduoduo, Inc. is a mobile social e-commerce platform and is backed by various private equity firms including Sequoia Capital, IDG Capital, Gaorong Capital and New Horizon Capital.

China boasts a booming e-commerce market

Without a doubt, China boasts a booming e-commerce market. According to CNNIC (China Internet Network Information Center), 610 million people in China shopped online at some point in 2018.

Every year on 11 November in China, there is a popular shopping festival called Singles' Day, which was initiated by Tmall, an e-commerce platform operated by Alibaba Group.

According to Preqin, this huge festival has smashed the record for total sales each year. At the 2018 Singles' Day, the sales record on Tmall reached CNY 214bn.

In recent years, China has......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  2. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  3. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: Castle Hall, the Du

  4. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  5. Opalesque Exclusive: This European mezzanine debt strategy offers equity-like returns with downside protection[more]

    B. G., Opalesque Geneva for New Managers: Mezzanine financier SIG-i operates in a relatively uncrowded space by proactively manufacturing financing solutions as an alternative to traditional debt and equity instrume