Asia-Pacific’s technology industry saw a rise of 41.86% in big data deal activity during December 2020, when compared with the last 12-month average, led by Forebright Capital Management, Jeneration Capital, Morningside Venture Capital Group, Shuanghu Capital, Tencent Holdings, Wu Yajun and Wuyuan Capital’s $305.9m acquisition of Medbanks Network Technology, 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 big data deals worth $1.12bn were announced for the region in December 2020, against the 12-month average of 43 deals.

Of all the deal types, venture financing saw most activity in December 2020 with 52 transactions, representing an 85.3% share for the region.

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 second place was M&A with eight deals, followed by private equity deals with one transactions, respectively capturing a 13.1% and 1.6% share of the overall big data deal activity for the month.

In terms of value of big data deals, venture financing was the leading category in Asia-Pacific’s technology industry with $1.03bn, followed by M&A deals totalled $92.14m.

Asia-Pacific technology industry big data deals in December 2020: Top deals

The top five technology big data deals accounted for 68.4% of the overall value during December 2020.

The combined value of the top five technology big data deals stood at $769.62m, against the overall value of $1.12bn recorded for the month.

The top five technology industry big data deals of December 2020 tracked by GlobalData were:

1) Forebright Capital Management, Jeneration Capital, Morningside Venture Capital Group, Shuanghu Capital, Tencent Holdings, Wu Yajun and Wuyuan Capital’s $305.9m venture financing of Medbanks Network Technology

2) The $200m venture financing deal with Mininglamp Software Systems by Capthorne Ventures, CITIC Securities Investment, Greater Bay Area Common Home Investment, Hongzhuo Capital, New Sky Global Media, Oriental Pearl Group, Russia-China Investment Fund, Tencent Holdings and UOB Venture Management

3) Baidu Capital, Hong Ji Capital, IDG Capital, Matrix Partners China, Source Code Capital and Yuanjing Capital’s $100m venture financing of Hangzhou Qiushi Tongchuang Network Technology

4) The $90.16m venture financing of Shukun Technology by CCV Capital Partners, China Re Capital, CICC Pucheng Investment, Huagai Capital, Qiming Venture Capital, Sequoia Capital China Fund and Wuyuan Capital

5) Ascential’s acquisition of Hangzhou Duozhun Data Technology for $73.56m.