1. Deals Analysis
February 16, 2021

China’s technology industry sees a rise of 23.08% in big data deal activity in January 2021

By Carmen

China’s technology industry saw a rise of 23.08% in overall big data deal activity during January 2021, when compared with the last 12-month average, led by China Development Bank Development Fund, Chuangyin Capital, CMC Capital Group, Guangdong Hengjian Investment Holding, Guangzhou Huacheng Venture Capital Management, Huajin Capital, Innovation Works, Kunzhong Capital, Qiming Venture Capital and Zhengzhou Yutong Bus’ $110m venture financing of Wenyuan Zhixing, according to GlobalData’s deals database.

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A total of 32 big data deals worth $389.59m were announced in January 2021, compared with the 12-month average of 26 deals.

venture financing was the leading category in the month in terms of volume with 28 deals, which accounted for 87.5% of all big data deals.

In second place was M&A with three big data deals, followed by private equity with one transactions, respectively accounting for 9.4% and 3.1% of overall deal activity in the China’s technology industry during the month.

In terms of value of big data deals, venture financing was the leading deal category in China’s technology industry with total deals worth $328.26m, while private equity and M&A deals totalled $40m and $21.34m, respectively.

China technology industry big data deals in January 2021: Top deals

The top five technology industry big data deals accounted for 79.2% of the overall value during January 2021.

The combined value of the top five technology big data deals stood at $308.55m, against the overall value of $389.59m recorded for the month.

The top five technology industry big data deals of January 2021 tracked by GlobalData were:

1) China Development Bank Development Fund, Chuangyin Capital, CMC Capital Group, Guangdong Hengjian Investment Holding, Guangzhou Huacheng Venture Capital Management, Huajin Capital, Innovation Works, Kunzhong Capital, Qiming Venture Capital and Zhengzhou Yutong Bus’ $110m venture financing of Wenyuan Zhixing

2) The $100m venture financing of Beijing Tendcloud Tianxia Technology by CR Data Fund

3) Blue Chi Venture Capital, China Chengxin Group, Lightspeed China Investment, Shanghai Pudong Science And Technology Investment, Shanghai Yunfeng Investment ManagementLimited, Triumph Capital, Wind Information, Wuyuefeng Capital, Zhangjiang Group, Zhanxing Fund and ZJ Innopark’s $40m venture financing of Wayz.ai

4) The $40m private equity deal with EHang by Carmignac

5) Hangzhou Guangyun Technology’s acquisition of Deepdraw for $18.55m.

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.

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