1. Deals Analysis
February 16, 2021

Technology industry cross border venture financing deals total $2.13bn in Asia-Pacific in January 2021

By Carmen

Total technology industry cross border venture financing deals worth $2.13bn were announced in Asia-Pacific in January 2021, led by $700m venture financing of Beijing Wusi Chuangxiang Technology, according to GlobalData’s deals database.

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The value marked an increase of 8.1% over the previous month of $1.97bn and a rise of 113% when compared with the last 12-month average of $1bn.

Asia-Pacific held a 37.63% share of the global technology industry cross border venture financing deal value that totalled $5.66bn in January 2021. With a 27.56% share and deals worth $1.56bn, China was the top country in Asia-Pacific’s cross border venture financing deal value across technology industry.

In terms of cross border venture financing deal activity, Asia-Pacific recorded 61 deals during January 2021, marking an increase of 12.96% over the previous month and a rise of 3.39% over the 12-month average. China recorded 18 deals during the month.

Asia-Pacific technology industry cross border venture financing deals in January 2021: Top deals

The top five technology industry cross border venture financing deals accounted for 84.1% of the overall value during January 2021.

The combined value of the top five technology cross border venture financing deals stood at $1.79bn, against the overall value of $2.13bn recorded for the month.

The top five technology industry cross border venture financing deals of January 2021 tracked by GlobalData were:

1) Beijing Xicheng Jinrui Equity Investment Fund Management, Boyu Capital Consultancy, China Development Bank, China ReformLtd, CSC Financial, FountainVest Partners, Goldman Sachs Asia Securities, Haitong Securities, HOPU Jinghua (Beijing) Investment ManagementLimited, JIC TechnologyLimited, JinYi Capital, National Manufacturing Transformation and Upgrading Fund, Primavera Capital Group and Sequoia Capital China’s $700m venture financing of Beijing Wusi Chuangxiang Technology

2) The $400m venture financing of Horizon Robotics by Aspex, Baillie Gifford, China Securities, Citic Private Equity Funds Management, CloudAlpha Tech Fund, Contemporary Amperex Technology, Hermitage Capital HK, Neumann Advisors, ORIX, SDHS Capital, YF Capital and Yuantai Changqing Fund

3) Bertelsmann Asia Investments, Coatue Management, GGV Capital, Hillhouse Capital Group, Jeneration Capital, Morningside Venture Capital Group, SoftBank Vision Fund and Tencent Holdings’ $360m venture financing of Beijing Calorie Technology

4) The $280m venture financing of SUdaan.com by Altimeter Capital Management, DST Global, GGV Capital, Lightspeed Management Company, Moonstone Capital Partners, Octahedron Capital Management and Tencent Holdings

5) Digital Advertising Consortium, Environmental Energy Investment, GREE Ventures, Hakuhodo DY Media Partners, JIC Venture Growth Investments, Nippon Venture Capital and SBI Group’ venture financing of Nyle for $48.3m.

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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