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Chinese startups continued to raise the highest venture capital (VC) funding amount among the Asia-Pacific (APAC) countries during Q1 2022. A total of 1,006 VC funding deals were announced in China during January-March 2022 while the disclosed funding value of these deals stood at US$18.6bn, according to GlobalData, a leading data and analytics company. China, […]
GlobalData forecasts Asia-Pacific personal accident and health insurance to double by 2026
The personal accident and health (PA&H) insurance industry in Asia-Pacific (APAC) is projected to grow from $203.0bn in 2020 to $421.9bn in 2026, in terms of written premiums, forecasts GlobalData, a leading data, and analytics company. According to GlobalData, the PA&H insurance in Asia-Pacific is projected to grow at a compound annual growth rate (CAGR) […]
Overall mobile service revenue growth in Singapore to remain tepid over 2021-2026, forecasts GlobalData
Despite the anticipated growth in 5G service adoption, the total mobile service revenue in Singapore is expected to increase at a sluggish compounded annual growth rate (CAGR) of 0.8% from US$1.7bn in 2021 to US$1.8bn in 2026, with mobile subscription penetration of population hitting saturation and total mobile subscriptions too expected to decline over the […]
China helps Asia to retain global intellectual property powerhouse crown in 2021, reveals GlobalData
China accounted for 77% of patent filings in Asia Samsung filed nearly 33,000 patents to secure top spot Huawei reported highest annual growth of 12% The global patent filings recorded a 5% rise in 2021 reflecting that innovation has not been hindered by the COVID-19 pandemic. Accounting for about 78% of the total filings at […]
JP Morgan and Avendus Capital top M&A financial advisers by value and volume in APAC for Q1 2022, reveals GlobalData
JP Morgan and Avendus Capital were the top mergers and acquisitions (M&A) financial advisers in the Asia-Pacific (APAC) region for Q1 2022 by value and volume, respectively. JP Morgan advised on four deals worth US$9.3bn, the highest among all the advisers. Meanwhile, Avendus Capital led in volume terms having advised on 12 deals worth US$1.2bn, […]
Simpson Thacher & Bartlett and AZB & Partners top M&A legal advisers by value and volume in APAC for Q1 2022, finds GlobalData
Simpson Thacher & Bartlett and AZB & Partners were the top mergers and acquisitions (M&A) legal advisers in the Asia-Pacific (APAC) region for Q1 2022 by value and volume, respectively. Simpson Thacher & Bartlett advised on five deals worth US$10bn, the highest among all the advisers. Meanwhile, AZB & Partners led in volume terms having […]
Nuvaxovid COVID-19 vaccine approval in Japan helps Novavax further expand in Asia, says GlobalData
American biotech company Novavax, together with Japan-based Takeda, has secured Japanese Ministry of Health, Labour and Welfare (MHLW) approval for its recombinant, adjuvanted virus-like particle COVID-19 vaccine Nuvaxovid. With this move, Novavax continues its expansion in Asia through local partners, says GlobalData, a leading data and analytics company. According to GlobalData’s Pharma Intelligence Center, Japan […]
Indian startups raise US$9.2bn VC funding in Q1 2022, finds GlobalData
A total of 505 venture capital (VC) funding deals were announced in India during Q1 2022 while the disclosed funding value of these deals stood at US$9.2bn, according to GlobalData, a leading data and analytics company. VC funding volume, which registered a decline in February 2022 compared to the previous month, rebounded in March. However, […]
Google leads social media share of voice among FAANG companies in Q1 2022, finds GlobalData
Alphabet Inc (Google) turned up as the most mentioned company among the big five tech companies Facebook, Amazon, Apple, Netflix and Google (FAANG) on the basis of volume of conversations on Twitter (social media share of voice) in Q1 2022, reveals GlobalData, a leading data and analytics company. Smitarani Tripathy, Social Media Analyst at GlobalData, […]
M&A deal value in China drops 12% QoQ despite witnessing 10 megadeals in Q1 2022, reveals GlobalData
The ongoing global geopolitical issues and volatile market conditions continue to pose downside risk to the mergers and acquisitions (M&A) deal activity in China. As a result, despite witnessing 10 megadeals (deal value ≥$1bn) in Q1 2022, the country saw 12% and 9% drop in deal value compared to Q4 and Q1 of 2021, respectively, […]
Innovent IBI310 and sintilimab combination will improve access to cervical cancer treatment in China, says GlobalData
The China National Medical Products Administration (NMPA) has recently granted breakthrough therapy (BTD) designation to Innovent Biologics’ (Innovent) IBI310 in combination with sintilimab to treat patients with recurrent or metastatic cervical cancer. The move will further improve access to targeted treatment options in the current treatment paradigm of cervical cancer, says GlobalData, a leading data […]
Singapore multiplay service revenue to increase at 6% CAGR over 2021-2026, forecasts GlobalData
Multiplay service revenue in Singapore is set to increase at a compound annual growth rate (CAGR) of 6% from US$1bn in 2021 to US$1.4bn in 2026, supported by the growing adoption of tripleplay and quadplay service bundles that yield higher average revenue per user (ARPU), forecasts GlobalData, a leading data and analytics company. An analysis […]
Accenture steps up metaverse, quantum computing, blockchain related hiring in Asia-Pacific, finds GlobalData
As physical and virtual realities continue to blur to alter human experiences, organizations are racing towards a future which is different from the one they were designed to operate in. Accenture Plc (Accenture) too is exploring various disruptive technologies, including the metaverse, and scaling up headcount. Against this backdrop, job postings in Asia-Pacific (APAC) have […]
APAC firms witness 30% growth in environment, social, and governance investment mentions in 2021, finds GlobalData
Sustainable development not only covers broad challenges such as economic inclusion, geopolitical instability, and the impact of climate change but also addresses risk, attracts capital, and drives growth. As a result, companies continue to focus on meeting sustainability development goals (SDGs) Overall mentions of ‘Investment’ in ESG reports per company rose, with Asia-Pacific (APAC) having […]
Thoughtworks likely to ramp up hiring in Vietnam, observes GlobalData
Following the news that global technology company Thoughtworks Holding Inc’s plans to expand in Vietnam; Sherla Sriprada, Business Fundamentals Analyst at GlobalData, a leading data and analytics company, offers her view on jobs creation: “Thoughtworks has posted nearly 3,800 jobs during January 2021 to April 2022*. The upcoming facility in Vietnam is expected to post […]
Global venture capital investment down by 16% in Q1 2022 but stays resilient, finds GlobalData
The global venture capital (VC) investment, impacted by macroeconomic trends, recorded a 16% quarter-on-quarter (QoQ) decline to reach $195bn in Q1 2022. North America accounted for around $95bn in terms of deal valuation. During the same period, there is a QoQ 11% fall in unicorn births, finds GlobalData, a leading data and analytics company. Abhishek […]
Can Advanced Batteries Facilitate Energy Transition?
The biggest challenges for battery design are energy density, power density, charging time, life, cost, and sustainability. Advanced batteries, which are sophisticated versions with superior properties, are grabbing attention in accelerating the commercialization of EVs. Big deals from VC investors are pushing forward the advanced batteries funding to a new high, finds GlobalData. A […]
Fixed communications revenue in Singapore to drop at 2.2% CAGR over 2021-2025, forecasts GlobalData
Fixed communication services revenue in Singapore is expected to decline at a compounded annual growth rate (CAGR) of 2.2% from US$765m in 2021 to US$683m in 2026 due to a steady drop in circuit switched subscriber lines, and slower growth in fixed broadband subscriptions, forecasts GlobalData, a leading data and analytics company. GlobalData’s Singapore Fixed […]
General insurance industry in Malaysia to reach $5.5bn in 2026, forecasts GlobalData
The general insurance industry in Malaysia is projected to grow at a compound annual growth rate (CAGR) of 4.8% from MYR17.67bn ($4.26bn) in 2021 to MYR22.31bn ($5.45bn) in 2026, in terms of direct written premiums (DWP), forecasts GlobalData, a leading data, and analytics company. As per GlobalData, the growth in the Malaysian general insurance industry […]
Venture capital deals value in advanced batteries skyrocket 850% YoY in 2021, finds GlobalData
Advanced batteries, which are sophisticated versions with superior properties, are grabbing attention in accelerating the commercialization of electric vehicles (EVs). Against the backdrop, the value of venture capital (VC) deals in advanced batteries shot up by 850% year-on-year (YoY) in 2021 with focus on lithium chemistries, reveals GlobalData, a leading data and analytics company. Prasad […]