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Laxman Pai, Opalesque Asia: As the global trend of economic uncertainties impacting deals, the Asia-Pacific (APAC) region witnessed a 26.5% year-on-year (YoY) decline in deal activity during the first quarter (Q1) of 2023, said a study.
According to the GlobalData report, the decline was seen across all types of deals and major markets in the region.
Almost 3,549 deals were announced in the APAC region during Q1 2023, compared to the 4,831 deals announced during Q1 of 2022, the report said.
Key APAC markets including China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Hong Kong, and New Zealand recorded a decline in deals volume by 18.9%, 38%, 20.7%, 39.5%, 20.3%, 32.7%, 9.1%, 39.1%, 27.3%, and 44.4%, respectively, in Q1 2023.
"Several markets within the APAC region, including China, India, Japan, and South Korea, experienced a decrease in deals volume during the quarter. The downturn in deal activity can be attributed to a range of factors, including geopolitical tensions, ongoing pandemic concerns, and economic uncertainties," said Aurojyoti Bose, Lead Analyst at GlobalData.
All the deal types under the coverage witnessed a decline in deal activity during the quarter. The number of merger and acquisitions, private equity, and venture financing deals in the APAC region declined by 16.1%, 30.8%, and 34.1%, respectively, in Q1 2023 compared to Q1 2022.
However, the total deal volume rebounded by 21.3% in March 2023 after registeri...................... To view our full article Click here
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