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Laxman Pai, Opalesque Asia: In a dramatic turnaround, a total of 2,037 deals were announced in the Asia-Pacific (APAC) region during July 2020, which is an increase of 23.2% over the 1,653 deals announced during the previous month.
A report by GlobalData revealed that the deal volume during the month remained above the first quarter (Q1) of 2020 and Q2 monthly average levels.
The deal activity also improved in most of the key markets such as China, Australia, and South Korea, which witnessed an increase in deal volume by 32.3%, 18.4% and 40.0%, respectively, compared to the previous month.
However, Japan and Singapore witnessed a decline in deal activity by 3% and 6.5%, respectively, said the report by data and analytics company.
Aurojyoti Bose, the Lead Analyst at GlobalData, said: "Deal activity in the region remained inconsistent since COVID-19 outbreak. However, recent months have seen an uptick, which could be a positive sign. July marks the second consecutive month of growth in deal activity."
Bose explained: "China, Australia, and South Korea were able to control the spread of COVID-19 effectively and regain confidence for deal-making thereby witnessing an improvement in deal activity. Meanwhile, the resurgence of new cases in Japan raised concerns while increasing infection rate among migrant workers in Singapore in recent months is resulting in subdued deal activity."
Most of the deal types witnessed an increase in volume during July compared to...................... To view our full article Click here
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