The Asia-Pacific (APAC) deal landscape moderated in 2025, with the total number of deals (comprising mergers & acquisitions (M&A), private equity and venture financing deals) announced in the region falling by 3% compared to the previous year. However,  growth in China and India partially cushioned pronounced slowdowns in other parts of the region, according to GlobalData, a leading intelligence and productivity platform.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity was generally softer in most of the APAC markets, highlighting a broader regional pullback in line with the global trend amid uncertain market conditions. However, there were also pockets of growth, reflecting a selective risk appetite amid macro uncertainty and tighter financing conditions.”

China’s deal activity rose by 5% in 2025 compared to 2024, while India registered a growth of 6%. Other markets such as Hong Kong and Vietnam also showcased growth. The expansion suggests continued depth in domestic deal pipelines, with strategic investors maintaining a focus on countries with growth potential.

In contrast, key APAC markets such as Japan, Australia, South Korea, Singapore and Malaysia experienced their respective deal volume falling by 5%, 7%, 26%, 11% and 19% during 2025 compared to the previous year.

Meanwhile, an analysis of GlobalData’s Deals Database revealed a trend characterized by stable venture financing activity and caution in M&A and private equity transactions.

Venture financing deal volume remained mostly unchanged in 2025 compared to the previous year, as investors continued to back innovation themes while becoming more disciplined on pricing and path-to-profitability.

In contrast, the total number of M&A deals announced in APAC declined by 5% in 2025 compared to the previous year, indicating a continuation of strategic consolidation, but at a slower pace. Meanwhile, private equity deal volume fell by 22%.

Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain