Led by Foxconn Industrial Internet’s $1.46bn acquisition deal for 17.9% stake in Tsinghua Unigroup, Asia-Pacific’s technology industry saw a drop of 8.43% in artificial intelligence deal activity during Q3 2022, when compared to the last four-quarter average, 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 258 artificial intelligence deals worth $4.4bn were announced for the region during Q3 2022, against the last four-quarter average of 281.75 deals.

Of all the deal types, venture financing saw most activity in Q3 2022 with 220 deals, representing an 85.3% share for the region.

In second place was M&A with 35 deals, followed by private equity deals with three transactions, respectively capturing a 13.6% and 1.2% share of the overall artificial intelligence deal activity for the quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In terms of value of artificial intelligence deals, venture financing was the leading category in Asia-Pacific’s technology industry with $2.07bn, while M&A and private equity deals totalled $1.6bn and $725.12m, respectively.

Asia-Pacific technology industry artificial intelligence deals in Q3 2022: Top deals

The top five technology artificial intelligence deals accounted for a 67.8% share of the overall value during Q3 2022.

The combined value of the top five artificial intelligence deals stood at $2.97bn, against the overall value of $4.4bn recorded for the quarter.

1) Foxconn Industrial Internet’s $1.46bn acquisition deal for 17.9% stake in Tsinghua Unigroup

2) The $718.86m private equity of Nearmap by Thoma Bravo

3) Beijing Xinding Rongsheng Capital Management, El Camino Capital, GF Xinde Investment Management, Hanhai, Hina Group Fund, Industrial Bank, Northbeta Yinuo Capital, Summitview Capital and Yangzijiang Financial Holding’s $500m venture financing deal with Black Sesame Intelligent Technology

4) The $150m venture financing of RoboSense by China Structural Reform Fund and Mirae Asset Securities

5) HOPU Fund II, HOPU-Arm Innovation Fund, Shanghai guosheng (group), Vista Investments and ZGC Science City Science and Technology Growth Fund’s $148.68m venture financing deal with Iluvatar CoreX