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Following the news that ride-hailing company Ola plans to set up 100,000 high-speed charging points across 400 cities in India under ‘Ola Hypercharger Network’ for its upcoming electric two-wheelers; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “Ola’s plan to establish its own strong network […]
Card payments in Singapore will rebound in 2021 with improving economic conditions, forecasts GlobalData
Card payments in Singapore, which have seen sustained growth in the last few years, registered a decline in 2020 amid the COVID-19 pandemic. They are set to rebound in 2021 with a 10.2% growth due to improving economic conditions and reducing impact of the pandemic, forecasts GlobalData, a leading data and analytics company. According to […]
Government measures and upcoming global sporting events to drive card payments in Japan, says GlobalData
Card payments in Japan are set to rise by 9.5% in 2021 supported by improving economic conditions, rising consumer spending and the upcoming international sports events, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, with the reopening of the economy, government measures to encourage electronic payments, easing of travel […]
Fiber optic infrastructure expansion to boost India’s fixed broadband services market, forecasts GlobalData
The Indian government’s efforts to expand fiber optic infrastructure across the country will further drive fixed broadband services market growth at a compound annual growth rate (CAGR) of 7.1% over 2020-2025, according to GlobalData, a leading data and analytics company. Rising demand for high-speed Internet services to support work-from-home commitments and consumption of high-bandwidth OTT […]
Hiring in China reaches all-time high in April 2021, finds GlobalData
The economic paralysis caused by the COVID-19 pandemic in China led to low job advertisements for most of the 2020. However, hiring activity crossed pre-COVID-19 levels in the last quarter of 2020 and continues to grow with active jobs open for recruitment in April 2021 reaching all-time high, finds GlobalData, a leading data and analytics […]
Linklaters, AZB & Partners top M&A legal advisers by value, volume in APAC for Q1 2021, finds GlobalData
Linklaters and AZB & Partners emerged as the top mergers and acquisitions (M&A) legal advisers in the Asia-Pacific (APAC) region for Q1 2021 by value and volume, respectively. Linklaters advised on four deals worth US$14.3bn, the highest value among all the advisers. AZB & Partners led in volume terms having advised on 12 deals worth […]
Life insurance industry in Thailand will reach US$22.8bn in 2025, forecasts GlobalData
The life insurance industry in Thailand is projected to grow from THB602.4bn (US$19.2bn) in 2020 to THB686.9bn (US$22.8bn) in 2025, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company. GlobalData has revised Thailand’s life insurance forecast in the aftermath of the COVID-19 pandemic. As per the latest data, […]
Japanese millennials reinforce need for innovative insperiences this Golden Week, says GlobalData
73% of Japanese millennials stay at home as much as possible, above the national average of 66%* 70% are extremely or quite concerned about COVID-19 impact Manufacturers, particularly in the alcohol space, should shift focus to insperiences Golden Week, which starts on 29 April 2021, gets its name due to a cluster of Japanese national […]
Sputnik V to face stiff competition in India despite better efficacy but will help ramp up vaccination drive, says GlobalData
With the Sputnik V vaccine’s recent approval, India now has three vaccines authorized for COVID-19 treatment. However, despite better efficacy over Serum Institute of India/ AstraZeneca’s Covishield and Bharat Biotech’s Covaxin, Sputnik V will face stiff competition in India, says GlobalData, a leading data analytics and research company. Dr Reddy’s Laboratories (DRL) will receive Sputnik […]
JP Morgan, China Everbright Bank top M&A financial advisers by value, volume in APAC for Q1 2021, finds GlobalData
JP Morgan and China Everbright Bank emerged as the top mergers and acquisitions (M&A) financial advisers in the Asia-Pacific (APAC) region for Q1 2021 by value and volume, respectively. JP Morgan advised on nine deals worth US$17.2bn, the highest value among all the advisers. Meanwhile, China Everbright Bank led in volume terms having advised on […]
E-commerce market in China will reach US$3 trillion in 2024, forecasts GlobalData
The Chinese e-commerce market is set to register a strong compound annual growth rate (CAGR) of 12.4% from CNY13.8 trillion (US$2.1 trillion) in 2021 to CNY19.6 trillion (US$3.0 trillion) in 2024, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s E-Commerce Analytics, e-commerce sales in China are expected to register a robust growth […]
GlobalData reveals top 10 travel and tourism influencers on Twitter during Q1 2021
An analysis of GlobalData’s Travel and Tourism Influencer Platform, which tracks more than 200 leading industry experts and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, revealed Melvin Bocher, Founder of Traveldudes, as the top Travel and Tourism influencer during the first quarter (Q1) […]
GlobalData uses proprietary ML algorithms to identify future unicorns
Given that there is a global startup revolution, the billion-dollar valuation of startups has emerged as a key indicator of their success. GlobalData, a leading data and analytics company, uses proprietary machine learning (ML) algorithms to accurately identify promising future unicorns (private and valued at US$1bn or more). GlobalData’s Disruptor Intelligence Center published the first […]
Australia’s extracorporeal membrane oxygenation devices market to grow at 6% over next five years, forecasts GlobalData
The extracorporeal membrane oxygenation (ECMO) devices market in Australia grew by 25% between 2019 and 2020 and is expected to grow at a compound annual growth rate (CAGR) of about 6% between 2021 and 2025, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Extracorporeal Membrane Oxygenation (ECMO) Devices (Cardiovascular Devices) Global […]
Asia-Pacific deal activity registers 14.4% growth in March 2021, finds GlobalData
Private equity (PE) and venture financing investors, who endured a volatile year in 2020 due to the ongoing COVID-19 pandemic, seem to be reposing their faith in the Asia-Pacific (APAC) region in 2021. A total of 1,339 deals (mergers and acquisitions, PE and venture financing) were announced in APAC in March 2021, an increase of […]
Toyota electrification plans to boost presence in Asia-Pacific EV market, says GlobalData
Following the news that Toyota is set to unveil the concept version of the first model in its new battery electric vehicle (BEV) series, the Toyota bZ4X, in Shanghai and establish a full line-up of EVs to reduce CO2 emissions with the aim of having 70 electrified models by 2025; Bakar Sadik Agwan, Senior Automotive […]
Entry of privately-owned new umbrella entities to disrupt retail payment space in India, says GlobalData
The approval of new umbrella entities (NUE) licensing by the Reserve Bank of India (RBI) will lead to increased private participation in the Indian digital payments space, which is currently dominated by state-owned National Payments Corporation of India (NPCI) via its UPI payment system, according to GlobalData, a leading data and analytics company. To further […]
Chinese checkpoint inhibitors may drive down drug prices, says GlobalData
Chinese domestic ICI brands poised for approvals across multiple oncology indications International brands seeking access in China should balance diminishing drug prices with the opportunity to target enormous patient pool Immune checkpoint inhibitors (ICIs) and their introduction into the treatment paradigm of multiple oncology indications has arguably been the largest transformative force in the treatment […]
Citi, Rothschild & Co top M&A financial advisers by value and volume in Europe for Q1 2021, finds GlobalData
Citi and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in Europe for Q1 2021 by value and volume, respectively. Citi advised on 14 deals worth US$59.5bn, which was the highest value among all the advisers. Meanwhile, Rothschild & Co led in volume terms having advised on 48 deals worth US$11.3bn. […]
Citi looks to enhance competitiveness with shift in focus to wealth management in Asia, says GlobalData
Following the news that Citigroup has decided to exit consumer banking operations in 13 markets across Asia, Europe and the Middle East; Parth Vala, Analyst at GlobalData, a leading data and analytics company, offers his views: “Due to lack of scale and resources to compete and channelize available resources to more high return wealth management […]