Business Fundamentals

APAC deal activity down by 20.4% in 2023, finds GlobalData

In line with the global trend, the deal activity in the Asia-Pacific (APAC) region remained subdued in 2023. A total of 14,193 deals (mergers & acquisitions (M&A), private equity (PE) and venture capital (VC)) were announced in the region during 2023, a decline of 20.4% compared to the 17,824 deals announced during the previous year, […]

Carmot acquisition propels Roche to forefront of obesity drug leadership, finds GlobalData

In a significant move in December 2023, Roche completed the acquisition of the US-based company Carmot Therapeutics in a deal worth $2.9 billion. This strategic acquisition provides Roche access to Carmot’s portfolio, which notably includes three lead molecules, all GLP-1 analogues, currently in the advanced stages of clinical trials for obesity and type 2 diabetes. […]

Business Fundamentals

Influencers on X opine ETFs will enhance Bitcoin’s credibility among investors, reveals GlobalData

Over a decade after the first application, the US Securities and Exchange Commission (SEC) has approved all 11 applications for spot bitcoin (Exchange Traded Funds (ETFs), which is a significant development for the cryptocurrency industry. In line with this, social media discussions (‘X’ platform) around “Bitcoin” spiked up 90% over the last seven days, reveals […]

Business Fundamentals

Global travel and tourism sector deal activity plunges 31.9% in 2023, finds GlobalData

Global travel and tourism sector witnessed the announcement of a total of 723 deals (mergers & acquisitions (M&A), private equity (PE), and venture capital (VC)) during 2023, a decline of 31.9% compared to the 1,062 deals announced during the previous year, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals […]

Business Fundamentals

Global deal activity shrinks by 24.5% in 2023, reveals GlobalData

Deal volume down by 24.5% in 2023 All deal types under coverage suffered setback Deal making was notably down for PE/VC firms Grappled with several challenges and uncertainties, 2023 remained a disappointing year for deal activity with a massive drop in volume. A total of 52,534 deals (mergers & acquisitions (M&A), private equity (PE) and […]

Business Fundamentals

Top 50 APAC firms gain over $337 billion in MCap in Q4 2023, reveals GlobalData

With China’s reopening, strong domestic demand in India and Indonesia, and better-than-expected earnings, the top 50 firms in the Asia-Pacific (APAC) region witnessed an increase in their aggregate market capitalization (MCap) by more than $337 billion in the final quarter (Q4) of 2023, reveals GlobalData, a leading data and analytics company. Companies from the financial […]

Business Fundamentals

GlobalData’s Technology Foresights reveals Sony headset launched at CES 2024 competes head-to-head with Apple’s Vision Pro

The opening day of CES 2024 witnessed a flurry of product launches, notably Sony Corp’s surprising entry into the mixed reality headset arena. Tailored for spatial content creators, the headset is anticipated to hit the market later this year. Simultaneously, Apple revealed that its flagship spatial computing headset, the Vision Pro, showcased last year, will […]

Business Fundamentals

Rabbit r1 innovative design faces skepticism, yet holds hope for future evolution, finds GlobalData

Rabbit Inc, a Santa Monica-based AI startup, has unveiled a custom-built consumer AI device running on a natural-language operating system “r1” that acts like a walkie-talkie with a camera at the Consumer Electronics Show (CES) 2024. It offers some of the smartphone-free solutions for tasks such as booking flights, ordering meals, and arranging transportation. In […]

Business Fundamentals

Top 25 global banks see 11.1% QoQ growth in MCap during Q4 2023, reveals GlobalData

Al Rajhi Banking and Charles Schwab witness over 25% growth each China Merchants Bank loses over 10% JPMorgan Chase consistently tops the table for the last seven quarters The aggregate market capitalization (MCap) of the top 25 global banks grew by 11.1% to $3.61 trillion quarter-on-quarter (QoQ) during the fourth quarter (Q4) ended on 31 […]

Business Fundamentals

Xiaomi’s foray into automotives anticipated by Technology Foresights platform, reveals GlobalData

During the recent holiday season, Xiaomi made headlines by unveiling its first electric car, the SU7, which is set to enter production later in 2024. In a surprising move, the company also announced plans to continue investing in research and development (R&D) of electric vehicles (EVs) with the aim of securing a spot among the […]

Business Fundamentals

US non-farm payroll for Dec-2023 forecasted at 174,000, lower than 199,000 in Nov-2023, says GlobalData

The US non-farm payroll (NFP) for December-2023 (to be released on 05 January 2024) is expected to show a payroll addition of 174,000, slightly above the consensus expectation of 170,000 but below the November 2023 reading of 199,000, a fall of 12% month-on-month, according to GlobalData, a leading data and analytics company. GlobalData’s US Active […]

Business Fundamentals

US job openings (JOLTS) for November 2023 expected to decline to 8.5 million, lowest in 2.5 years, says GlobalData

The anticipated US Job Openings and Labor Turnover Survey (JOLTS) report for November 2023, set to be released on 3 January 2024, is expected to print between 8.3 to 8.5 million job openings. This forecast is below consensus expectation of 8.75 million and is also lower than the October 2023 figure of 8.73 million. If […]

Business Fundamentals

VC funding in Indian startups plunge 65.8% YoY to $6.9 billion during January-November 2023, reveals GlobalData

Startups in India raised a total of $6.9 billion across 1,013 venture capital (VC) funding deals announced during January-November 2023. This is a 65.8% drop in terms of value compared to the $20.2 billion worth of VC funding raised during the same period in the previous year, according to GlobalData, a leading data and analytics […]

Business Fundamentals

GlobalData reveals top five GenAI trends for 2024

Generative AI (GenAI) made significant progress in 2023, showcasing its prowess in crafting remarkably authentic content spanning text, imagery, and music. The evolution of this technology transcended traditional boundaries, infiltrating realms such as creative arts, automation, and tailored experiences. A comprehensive analysis of influencer discussions on social media platform X has unveiled a curated selection […]

Business Fundamentals

UK startups raise $13.2 billion in VC funding during January-November 2023, reveals GlobalData

A total of 1,199 venture capital (VC) funding deals of worth $13.2 billion were announced in the UK during January-November 2023. However, VC funding activity suffered a significant setback as there was a decline in both deal volume and value compared to the corresponding period in the previous year. Despite the challenges, the country remains […]

Business Fundamentals

VC funding in US down by 44.1% YoY to $104.5 billion during January-November 2023, reveals GlobalData

Total VC funding value crosses $100 billion in November US continues to dominate global VC funding landscape The US startup ecosystem saw the announcement of a total of 6,307 venture capital (VC) deals of worth $104.5 billion during January-November 2023. This represents a year-on-year (YoY) decline of 42% in terms of deals volume and a […]

Business Fundamentals

China startups witness 26.9% YoY drop in VC funding to $39.7 billion in Jan-Nov 2023, reveals GlobalData

China witnessed the announcement of 2,972 venture capital (VC) funding deals amounting to $39.7 billion from January to November 2023. This represents a 15.3% year-on-year (YoY) drop in deal volume and a 26.9% decline in deal value compared to the corresponding period in the previous year, reveals GlobalData, a leading data and analytics company. An […]

Business Fundamentals

APAC deal activity down by 18.8% YoY during January-November 2023, finds GlobalData

A total of 13,151 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced in the Asia-Pacific (APAC) region during January to November 2023, which was a year-on-year (YoY) decline of 18.8% compared to the 16,202 deals announced during the same period in the previous year, according to GlobalData, a leading data and […]

Business Fundamentals

Global deal activity down by 23.6% YoY during January-November 2023, finds GlobalData

A total of 48,953 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced globally during January-November 2023, which is a year-on-year (YoY) decline of 23.6% compared to the announcement of 64,092 deals during the previous year, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database […]

Business Fundamentals

Global travel and tourism sector deal activity down by 32.7% YoY during January-November 2023, finds GlobalData

A total of 666 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced in the travel and tourism sector globally during January-November 2023, which is a year-on-year (YoY) decline of 32.7% compared to the announcement of 989 deals during the same period in the previous year, finds GlobalData, a leading data and […]

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