2021年Q2亚洲投资报告-22页_554kb

Q2 2021 Asia Insights Summary

Core Content

Q2 2021 marked a significant recovery in Asian investment activities into Europe and the US following the pandemic. This resurgence was attributed to the rollout of vaccines and the easing of restrictive policies in major target markets. Asian investors showed a strong preference for certain sectors, particularly Fintech and Software, with notable investments in the blockchain and NFT space. Additionally, Southeast Asia emerged as a growing hub for both European and US tech investments.

Main Points

Recovery from Pandemic

• Asian investment activities into Europe and the US rebounded significantly.
• Fundraising reached record highs:
  • 52 European tech companies raised $2.6bn from Asian investors.
  • 107 US tech companies raised over $9.7bn from Asian investors.
• M&A saw a rebound, with more than double the deal volume and value compared to Q1 2021.

China Making a Comeback

• Deal volume with Chinese investors increased by 50% QoQ.
• US and APAC targets were the main drivers of this growth.
• Chinese investors resumed investing in US tech, though most acquisitions still faced hurdles.
• Tencent led with six deals, including three in FinTech, followed by CreditEase with two FinTech investments.

Rise of Southeast Asia

• Both European and US investors increased their capital deployment in Southeast Asia compared to previous quarters.
• For US investors, Southeast Asia overtook India as the top destination for tech investments in Asia.

Blockchain Investment Trends

• Asian investors poured $1.3bn into blockchain and NFT-related assets in Q2 2021.
• 20 of these investments were from Chinese investors.
• European and US investors also showed interest in blockchain.
• While the sector saw a surge, there was a growing sense of caution due to regulatory uncertainties and crypto market volatility.

Key Data

Fundraising Overview

• Total fundraising value from Asian investors into Europe and the US: $12.337bn
• Fundraising volume: 159 deals
• M&A value: $7.545bn
• M&A volume: 15 deals

Notable Fundraising Transactions

Notable M&A Transactions

Sector Analysis

Asia Activities into Europe

• FinTech dominated with 27 deals (45.8%) and $1.411bn in value (52.6%).
• Software was the second most popular sector with 12 deals (20.3%) and $477.1m in value (17.8%).

Asia Activities into the US

• Software and FinTech were the top sectors, each with 39 deals (33.9%).
• Software accounted for $8.788bn in value (51.1%), while FinTech accounted for $2.895bn (16.8%).

Investment Trends

• Tencent remained the leading Asian investor with notable deals in FinTech and digital media.
• US investments were focused on FinTech and Marketplaces, with Marketplaces showing strong growth in deal value.
• Europe continued to favor FinTech and Software in Asia, with a growing interest in Marketplaces.

Public Comps by Sector

Digital Media

• Tencent and Kakao Corp. were among the top companies in this sector.
• Tencent Music and YY showed varying performance metrics.

Digital Services

• Tata Consultancy was a notable player in this sector.
• Performance metrics varied across companies, reflecting different growth trajectories.

Conclusion

Q2 2021 demonstrated a strong rebound in Asian investment into Europe and the US, with Fintech and Software as the leading sectors. Southeast Asia emerged as a key investment destination, and while blockchain investment surged, caution was advised due to regulatory and market uncertainties. Tencent continued to lead in overseas investments, and public companies like Tencent and Kakao Corp. were key players in digital media. The overall trend indicated a shift in investment focus and a growing confidence in the tech sector's potential.