1. Deals Analysis
March 16, 2021

Asia-Pacific’s technology industry saw a drop of 27.38% in artificial intelligence deal activity during February 2021

By Carmen

Asia-Pacific’s technology industry saw a drop of 27.38% in artificial intelligence deal activity during February 2021, when compared with the last 12-month average, led by Match Group’s $1.73bn acquisition of Hyperconnect, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 61 technology industry artificial intelligence deals worth $2.57bn were announced for the region in February 2021, against the 12-month average of 84 deals.

Of all the deal types, venture financing saw most activity in February 2021 with 51 transactions, representing an 83.6% share for the region.

In second place was M&A with nine deals, followed by private equity deals with one transactions, respectively capturing a 14.8% and 1.6% share of the overall artificial intelligence deal activity for the month.

In terms of value of artificial intelligence deals, M&A was the leading category in Asia-Pacific’s technology industry with $1.76bn, while venture financing and private equity deals totalled $711.35m and $100m, respectively.

Asia-Pacific technology industry artificial intelligence deals in February 2021: Top deals

The top five technology artificial intelligence deals accounted for 90.4% of the overall value during February 2021.

The combined value of the top five technology artificial intelligence deals stood at $2.33bn, against the overall value of $2.57bn recorded for the month.

The top five technology industry artificial intelligence deals of February 2021 tracked by GlobalData were:

1) Match Group’s $1.73bn acquisition of Hyperconnect

2) The $350m venture financing deal with Horizon Robotics by BYD Auto, Changzhou Xingyu Car Lamp, Dongfeng Asset Management, Great Wall Motor, Shanghai AI Innovation and Sunny Optical Technology (Group)

3) CMB International Capital Management (Shenzhen), Guodiao Hongtai Fund, Joy Capital and NIO Capital’s $100m private equity deal with Newlinks (Beijing) Technology

4) The $100m venture financing of Verse Innovation by Glade Brook Capital Partners and Qatar Investment Authority

5) Qingdao Guoxin Financial Holding, Qingdao Jiaozhou Industrial Fund and Qingdao Urban Construction Investment (Group)’s venture financing of Shanghai Gaozhong Information Technology for $46.57m.

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

Topics in this article: ,