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Sarath.Chandra@globaldata.com

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  • Author: Sarath.Chandra@globaldata.com

Venture capital funding in China startups down by 52.2% YoY during January-February 2023, reveals GlobalData

Venture capital (VC) funding activity by startups in China registered decline both in terms of volume as well as value during January-February 2023 compared to the same period in previous year amid the challenging market conditions. VC deal volume in China declined by 29.1% while the corresponding deal value declined by 52.2%, according to GlobalData, […]
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Card payments in China to grow by 3.6% in 2023, forecasts GlobalData

The Chinese market for card payments, which has been among the fastest-growing globally, experienced an adverse impact from the COVID-19 pandemic. However, with the government’s recent announcement regarding the termination of the “zero-COVID policy” and the relaxation of restrictions, the market is anticipated to witness a 3.6% growth rate in 2023, forecasts GlobalData, a leading […]
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Indigenous warship design and construction initiatives to drive global naval vessel and surface combatant market to $65.8 billion in 2033, says GlobalData

The market for naval vessels and surface combatants, which was valued at $44.2 billion in 2023, is anticipated to reach $65.8 billion in 2033, driven by an increased focus on the acquisition of indigenous warship designs and construction capabilities by emerging militaries such as India, Brazil, Turkey, and Australia, forecasts GlobalData, a leading data and […]
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AbbVie Parkinson’s drug ABBV-951 faces few hurdles before FDA approval, says GlobalData

Following the news that AbbVie received a complete response letter (CRL) from the FDA, concerning its new drug application for ABBV-951 (foscarbidopa/foslevodopa) to treat motor fluctuations in patients with advanced Parkinson’s disease; Christie Wong, Neurology Analyst at GlobalData, a leading data and analytics company, offers her view: “Although levodopa is a highly effective drug for […]
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Horizon 3 of AFP Modernization Program to drive Philippines defense budget at 6.5% CAGR through 2028, estimates GlobalData

The Armed Forces of the Philippines (AFP) Modernization Program has entered its third phase (Horizon 3) this year. Against the backdrop, the Philippines defense market is set to expand at a compound annual growth rate (CAGR) of 6.5%, with the projected cumulative defense spending reaching $26 billion in 2028, forecasts GlobalData, a leading data and […]
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Serum Institute of India likely front-runner to win supply of HPV vaccines for Universal Immunization Program, says GlobalData

India is preparing to include human papillomavirus (HPV) vaccines as part of the government driven public immunization program popularly known as the “Universal Immunization Program (UIP)”. The Indian government will float a global tender in April 2023 to procure HPV vaccines. Against this backdrop, domestic player the Serum Institute of India (SII) is expected to […]
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APAC deal activity down by 42.2% YoY in February 2023, finds GlobalData

The Asia-Pacific (APAC) region is a critical market for global deal-making, with significant investments and mergers taking place across various industries. However, deal activity in the APAC region has seen a significant decline of 42.2% year-over-year (YoY) in February 2023, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database […]
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Generative AI startups attract investment as technology gains traction across industries, says GlobalData

In recent years, generative artificial intelligence (AI) has emerged as a game-changing technology with immense potential across various industries. Subsequently, generative AI startups are rapidly gaining traction, and venture capital investors are keen to capitalize on their potential, observes GlobalData, a leading data, and analytics company. Pranjali Mujumdar, Disruptive Tech Analyst at GlobalData, comments: “The […]
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GlobalData forecasts Argentina economy to stagnate in 2023

Argentina is facing the challenge of rising inflation and high interest rates, which are likely to decrease household disposable incomes and hinder private consumption. Moreover, the country’s economic activity may be limited due to high debt levels, strict import regulations, and low foreign reserves, as the Argentine peso is expected to depreciate significantly. As a […]
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Travel and tourism industry deal activity sinks by 60.4% YoY in February 2023, reveals GlobalData

The global travel and tourism industry, which has been struggling to rebound from the COVID-19 pandemic induced slowdown, is facing another setback with a significant drop in deal activity. The industry, which relies heavily on investment and strategic partnerships, saw a steep year-on-year (YoY) 60.4% decline in deal activity in February 2023, reveals GlobalData, a […]
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