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In the wake of the supply chain disruptions due to the ongoing COVID-19 pandemic, Japan has earmarked over US$2bn to encourage its companies under FY2020 Primary Supplementary Budget to move operations out of China and relocate production bases across a number of countries, including those of the Association of Southeast Asian Nations (ASEAN). However, completely […]
Growing need for personal mobility and strong rural demand boosting 2-wheeler sales in India, says GlobalData
Following the news that year-on-year two-wheeler sales decline in India narrowed in July 2020 as compared to previous month; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Most of the major two-wheeler manufacturers in India witnessed healthy wholesale volumes in July 2020. The top five OEMs […]
Australia’s travel insurance to contract by 7.7% in 2020, forecasts GlobalData
The Australian travel insurance business is expected to contract by 7.7% in 2020 due to COVID-19 pandemic, a sharp decline from the 46.3% growth witnessed in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised Australia’s travel insurance forecast in the aftermath of the COVID-19 outbreak. As per the latest data, […]
Remdesivir and favipiravir price regulation required to safeguard patients’ interest in India, says GlobalData
Regulatory bodies such as the National Pharmaceutical Pricing Authority (NPPA) and the Drug Controller General of India (DCGI) are keeping a close eye on remdesivir and favipiravir amid the COVID-19 pandemic to safeguard patients’ interest around pricing, says GlobalData, a leading data analytics and research company. The Indian Council of Medical Research (ICMR) has recently […]
5G continues to lead discussions on Twitter among telecom influencers during H1 2020, finds GlobalData
Several telecom service providers are making substantial progress towards the commercial deployment of the fifth generation (5G) mobile networks. Even during the COVID-19 pandemic, the demand and investments in 5G technology have not been affected due to its security, reliability and advance features that will change the future market. A 96% surge in influencer conversations […]
Lack of spending on healthcare infrastructure to hurt medical devices market growth in India, says GlobalData
The ongoing COVID-19 pandemic has brought focus on the continued lack of medical investment and healthcare infrastructure in India, says GlobalData, a leading data and analytics company. The dearth of beds in public hospitals due to the growing number of COVID-19 cases has forced some state governments in India to use hotel rooms and other […]
Zoomcar’s partnership with ETO Motors for electric shared mobility is a win-win for both, says GlobalData
Following the news that Indian shared mobility giant Zoomcar has partnered with ETO Motors to boost electric mobility; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “Zoomcar’s partnership with ETO Motors is aligned with the new business priorities that the company announced in late 2019. The […]
China dominates APAC VC funding landscape Q2 2020, reveals GlobalData
China continued to top the venture capital (VC) funding activity both in terms of volume as well as value and was way ahead of its peer countries in the Asia-Pacific (APAC) region during the second quarter (Q2) of 2020, according to GlobalData, a leading data and analytics company. VC funding activity in the APAC region […]
China’s economy set to post positive growth in 2020 unlike peer countries, forecasts GlobalData
With improvements in key macroeconomic indicators, the Chinese economy is forecasted to post a positive growth in 2020 unlike other peer countries, which are expected to enter into a recession, says GlobalData, a leading data analytics company. The business activities started to resume from March across various provinces of China, except in Hubei where lockdown […]
Geopolitical tensions make domestic IPOs more attractive for Chinese TMT companies, says GlobalData
Chinese and Hong Kong stock exchanges escaped COVID-19 largely unscathed JD.com and NetEase have turned back home for secondary listings GlobalData anticipates several more secondary listings next six months The increasingly volatile relations between the world’s two largest economies—China and the US—are forcing several Technology, Media, and Telecoms (TMT) companies across the Asia, especially in […]
Biocon and Voluntis deal aims to personalize treatment for type 2 diabetic patients on insulin, says GlobalData
Biocon Sdn. Bhd., Malaysia, a subsidiary of Biocon Biologics, and digital therapeutics company Voluntis have recently announced a global collaboration agreement to develop and distribute FDA-cleared and CE-marked digital therapeutic product ‘Insulia’ for type 2 diabetes (T2D) patients across several markets. The deal will make Insulia available to a large number of Biocon’s biosimilar insulin […]
Early-stage funding rounds dominated APAC VC funding landscape in Q2 2020, finds GlobalData
Early stage funding rounds (comprising Seed and Series A funding) dominated the venture capital (VC) funding landscape during the second quarter (Q2) of 2020 in the Asia-Pacific (APAC) region, according to GlobalData, a leading data and analytics company. Series B was the only funding round that witnessed consistent growth in share during the period. The […]
Hyundai’s plans to ramp-up EV production aligned with new business priorities, says GlobalData
Following the news that South Korean car manufacturer Hyundai Motor plans to ramp-up electric vehicle (EV) production and introduce two new dedicated production lines; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Hyundai’s plans to ramp up EV production in South Korea is aligned with the […]
Consumer and retail sectors dominate GlobalData’s list of top 50 APAC companies by market cap in Q2 2020
Consumer and retail sectors have topped GlobalData’s list of the top 50 companies in the Asia-Pacific (APAC) region with an impressive growth in their market capitalization (M Cap) during the second quarter (Q2) ended 30 June 2020. An analysis of GlobalData’s Company Profiles Database reveals that even while countries continue to reel under the COVID-19 […]
Enterprise ICT budget in Malaysia to be affected by COVID-19 in 2020, forecasts GlobalData
Most of the enterprises cutting across industries in Malaysia are expected to witness a decline in their proposed ICT budgets for 2020 in the aftermath of COVID-19 pandemic, according to the latest Enterprise ICT Decision Makers’ Survey 2020* by GlobalData, a leading data and analytics company. GlobalData’s ‘Malaysia Enterprise ICT Investment Trends 2020’ reveals that […]
Jio Platforms best placed to pose stiff competition to domestic and international rivals in India, says GlobalData
With tech giants such as Google and Facebook investing in Jio Platforms, India-based conglomerate Reliance Industries Limited not only is best placed to drive the increasing mobile phone penetration and boost Internet usage due to its cheap smartphones and 4G services but also has the advantage of capturing additional consumers through various digital services across […]
Caution weighs on investor sentiments with low value deals dominating APAC VC funding landscape in Q2, finds GlobalData
Low value deals (investment <=US$10m) dominated the Asia-Pacific venture capital (VC) investment landscape with 67.4% share of the overall volume in the second quarter (Q2) of 2020, according to GlobalData, a leading data and analytics company. VC investment volume (deals with disclosed deal value) increased marginally from 290 deals in May to 295 in June […]
China dominates GlobalData’s list of top 20 APAC banks by revenue in 2019
China has dominated the list of top Asia-Pacific (APAC) banks by revenue in 2019, with 13 banks from the country occupying the top 20 list, according to GlobalData, a leading data and analytics company. Three banks from Japan, two from South Korea and one each from India and Hong Kong featured in the top 20 […]
Wipro reopens hiring in US and India; ambitious on cloud and AI, says GlobalData
Going by the recent new job postings, looks like Wipro Ltd. (Wipro) is on its way back to restart full-fledged operations and COVID-19 cannot stop it anymore. Wipro has accelerated its hiring and posted 3,146 jobs in June 20, a big leap from 741 in the previous month globally. Wipro has been consistently limiting its […]
GlobalData reveals top 10 tobacco influencers on Twitter in Q2 2020
An analysis of GlobalData’s Tobacco Alternatives Influencer Network Platform, which tracks more than 190 leading industry experts and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, has revealed Charles A. Gardner, Director at the Foundation for a Smoke Free World, as the top tobacco […]