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VC investment in the Asia-Pacific region remained strong with $25.2bn in Q4 2020

Friday, January 29, 2021

Laxman Pai, Opalesque Asia:

In its strongest performing quarter of the year, Asia attracted $25.2 billion in VC investment in Q4'20 - up from $24.4 billion in Q3'20, said a study.

"VC investment in Asia continued to rebound in Q4'20, driven primarily by a continued surge in investment in China, where VC investment rose to an eight-quarter high," said the Q4'20 edition of the KPMG Private Enterprise Venture Pulse report.

VC investment in China continued to recover, with the $19.8 billion raised by China-based companies in Q4'20 more than double the $9.4 billion seen in Q3'20.

China was the only country to see $1 billion+ megadeals during Q4'20, it said.

Chinese companies accounted for five of the top ten largest VC funding rounds globally during the quarter, including a $1.7 billion raise by truck-hailing company Manbang Group, a $1.6 billion raise by edtech Zuoyebang, a $1 billion raise by edtech Yuanfudao, a $907 million raise by e-commerce company Yunwang Wandian, and a $736 million raise by electric vehicle maker Enovate motors.

VC investment in India remained relatively robust in Q4'20, led by a $660 million raise by Zomato. While VC investment dropped somewhat during the quarter, India saw deal volume rise to its highest level since Q1'18.

VC investment in Asia is expected to continue to rebound heading into Q4'20. Health and biotech are expected to remain very hot areas of investment, in addition to edtech,......................

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