1. Deals Analysis
March 21, 2022

Asia-Pacific’s technology industry saw a drop of 6.67% in artificial intelligence deal activity during February 2022

By Carmen

Asia-Pacific’s technology industry saw a drop of 6.67% in artificial intelligence deal activity during February 2022, when compared with the last 12-month average, led by Jio Platforms’ $200m acquisition of Glance Digital Experience, according to GlobalData’s deals database.

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A total of 84 technology industry artificial intelligence deals worth $1.3bn were announced for the region in February 2022, against the 12-month average of 90 deals.

Of all the deal types, venture financing saw most activity in February 2022 with 75 transactions, representing an 89.3% share for the region.

In second place was M&A with nine deals capturing a 10.7% share of the overall artificial intelligence deal activity for the month.

In terms of value of artificial intelligence deals, venture financing was the leading category in Asia-Pacific’s technology industry with $1.25bn, followed by M&A and deals totalled $4.27m.

Asia-Pacific technology industry artificial intelligence deals in February 2022: Top deals

The top five technology artificial intelligence deals accounted for 55.2% of the overall value during February 2022.

The combined value of the top five technology artificial intelligence deals stood at $692m, against the overall value of $1.3bn recorded for the month.

The top five technology industry artificial intelligence deals of February 2022 tracked by GlobalData were:

1) Jio Platforms $200m venture financing deal with Glance Digital Experience

2) The $188m venture financing of Inceptio Technology by Legend Capital and Sequoia Capital China

3) Sovereign Wealth Fund $121m venture financing deal with Insider

4) The $100m venture financing of Beijing Wisdom Tooth Technology by Hillhouse Ventures,Mirae Asset Global Investments,SoftBank Vision Fund 2 and Yun Qi Capital

5) NHN and SK E&S $83m venture financing deal with Parking Cloud

Verdict deals analysis methodology

This analysis considers only announced and completed 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.

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