Wed, Aug 17, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Venture capital value remains slow at $10.1bn on 484 deals in Asia: KPMG

Tuesday, August 20, 2019

Laxman Pai, Opalesque Asia:

In Q2 2019 venture capital (VC)-backed companies in the Asia region raised $10.1bn across 484 deals, says KPMG.

Overall deal value and volume remained low during Q2 2019 in Asia, well off last year's record pace, the KPMG report 'Venture Pulse' said.

The sluggish performance reflects the continued absence of significant numbers of $100m+ megadeals in China for the second consecutive quarter. The continued slowdown in deal-making in China likely reflects the ongoing US-China trade dispute and a corresponding increase in investors caution.

The first two quarters of 2019 saw a large drop in VC activity in Asia, both in terms of the number of deals and total deal value.

China's share of megadeals, in particular, has fallen significantly over the past few quarters. At the end of Q2 2019, the largest ten deals in Asia accounted for $4bn in investment. By comparison, in Q4 2018, the ten largest deals accounted for $11bn.

Hong Kong attracts more investments

In 2018, the Hong Kong Stock Exchange (HKSE) changed its listing rules to allow dual-class shares.

The aim was to attract more technology firms, a fact that is starting to bear fruit. Alibaba Group is reportedly planning to raise approximately $20bn through the second listing in Hong Kong. This move, currently expected in Q3 2019, could help spur additional activity on the HKSE.

Following Hong Kong's record year of IPOs in 2018, the level of I......................

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: https://bit.ly/DXCInfo 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