1. Deals Analysis
September 29, 2021

Technology industry cloud venture financing deals total $784.9m in Asia-Pacific in August 2021

By Carmen

Total technology industry cloud venture financing deals worth $784.9m were announced in Asia-Pacific in August 2021, led by $308m venture financing of Newlinks (Beijing) Technology, according to GlobalData’s deals database.

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The value marked a decrease of 14.5% over the previous month of $917.9m and a rise of 11.8% when compared with the last 12-month average of $702m.

Asia-Pacific held a 14.67% share of the global technology industry cloud venture financing deal value that totalled $5.35bn in August 2021. With a 13.56% share and deals worth $725.69m, China was the top country in Asia-Pacific’s cloud venture financing deal value across technology industry.

In terms of cloud venture financing deal activity, Asia-Pacific recorded 49 deals during August 2021, marking a decrease of 22.22% over the previous month and a drop of 10.91% over the 12-month average. China recorded 34 deals during the month.

Asia-Pacific technology industry cloud venture financing deals in August 2021: Top deals

The top five technology industry cloud venture financing deals accounted for 81.4% of the overall value during August 2021.

The combined value of the top five technology cloud venture financing deals stood at $638.82m, against the overall value of $784.9m recorded for the month.

The top five technology industry cloud venture financing deals of August 2021 tracked by GlobalData were:

1) China Merchants Capital Investment and CICC Capital ManagementLimited $308m venture financing deal with Newlinks (Beijing) Technology

2) The $153.67m venture financing of Ekuaibao by FutureCap,Mantu Capital,Sequoia China Fund,SoftBank Vision Fund II and Tiger Global Management

3) Bank of Communications,Guotai Junan International,Industrial Investment (Beijing) Capital Management,Light Source Capital,Recent Capital and SPDB International $100m venture financing deal with Beijing Dipu Technology

4) The $46.41m venture financing of Shenzhen Huaqiu Electronics by Hillhouse Ventures,Joy Capital and ShunWei Capital

5) Northern Light Venture Capital,ShunWei Capital,Tongchuang Weiye and Xiaomi Ventures $30.73m venture financing deal with New Core Technology

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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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