1. Deals Analysis
February 7, 2021

Technology industry cross border venture financing deals total $3.57bn in Asia-Pacific in Q4 2020

By Carmen

Led by $500m venture financing of GL Ventures, Hillhouse Capital Group, Tencent Holdings and TrustBridge Partners, total technology industry cross border venture financing deals worth $3.57bn were announced in Asia-Pacific in Q4 2020, according to GlobalData’s deals database.

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The value marked a decrease of 0.6% over the previous quarter and a drop of 22.7% when compared with the last four-quarter average of $4.62bn.

Asia-Pacific held a 31.40% share of the global technology industry cross border venture financing deal value that totalled $11.37bn in Q4 2020. With a 21.99% share and deals worth $2.5bn, China was the top country in Asia-Pacific’s cross border venture financing deal value across technology industry.

In terms of deal activity, Asia-Pacific recorded 173 cross border deals during Q4 2020, marking a decrease of 8.95% over the previous quarter and a drop of 5.46% over the last four-quarter average. India recorded 52 deals during the month.

Asia-Pacific technology industry cross border venture financing deals in Q4 2020: Top deals

The top five cross border venture financing deals accounted for 39.8% of the overall value during Q4 2020.

The combined value of the top five technology cross border venture financing deals stood at $1.42bn, against the overall value of $3.57bn recorded for the quarter.

The top five technology cross border deals of Q4 2020 tracked by GlobalData were:

1) GL Ventures, Hillhouse Capital Group, Tencent Holdings and TrustBridge Partners’ $500m venture financing of Hangzhou Lianke Meixun Biomedical Technology

2) The $315m venture financing of ZKH Industrial Supply by China Structural Reform Fund, Eastern Bell Capital, Genesis Capital China, GLP-C&D Equity Investment Fund, Legend Capital, Matrix Partners China, Shenzhen Cowincapital, Tencent Holdings, Tiger Management, Xiamen C&D and Yunfeng Capital

3) Bojia Capital, China Fortune Financial Group, Chuangzhi Capital, Fortune Caizhi, Guangzhou Yingrui Capital Management, SAIF Partners China and The Rise Fund’s $210m venture financing of Zhejiang Yiqi Education Technology

4) The $200m venture financing of Gaosi Education Group by GIC and Warburg Pincus

5) Baring Private Equity Asia, BOC International Holdings, Bohai Zhongsheng, CITIC Securities, CMB International Capital, GoldStone InvestmentLtd , Greater Bay Area Homeland Development Fund, Guangdong Technology Financial GroupLimited, Guangdong Wen’s Investment, Hillhouse Capital Group, Sino-Ocean Capital and Youshan Capital’s venture financing of Shenzhen DianMao Digital Technology for $197.56m.

Verdict deals analysis methodology

This analysis considers only announced and completed 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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