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The resilience of Southeast Asia’s venture capital market
In the first half of 2020, Southeast Asia completed a total of 315 investment and financing events, with a total financing amount of 5.6 billion U.S. dollars, ranking third in the world in terms of financing amount and quantity in the field of Internet technology. At the same time, the transaction scale of more than 100 million US dollars accounted for 64% of the investment in the first half of 2020:
Even though the investment amount has declined compared with the same period in 2019 and 2018, the Southeast Asian venture capital market still shows a high degree of activity. Under the influence of the epidemic in the first half of 2020, the number of investment and financing transactions and the total score decreased by 15% and 13% compared with the same period last year. Compared with the same period in North America, Europe and the world, the decline was relatively low, and the level was similar to India:
Indonesia: Outstanding in multiple verticals, large transactions drive growth
Compared with the same period of last year, while Indonesia maintains the basic stable development of small and medium investment, the large investment event represented by the 1.2 billion US dollars completed by gojek in March this year has promoted the growth of investment throughout Indonesia. Reached $2.8 billion. Investment events in Indonesia are mainly concentrated in the three areas of multi-vertical, third-party payment and retail.
Unicorn
Although there are no new unicorns in the first half of 2020, there are already a considerable number of companies with a valuation of more than US$500 million and between US$100 million and US$500 million. Some of them may be greatly affected by the epidemic, but the breakthrough in the number of unicorns should be just around the corner:
M&A and exit cash out
Although the overall number of exits was the same as last year, the sharp drop in large-scale exits significantly reduced the overall exit income. We also found that some mergers and acquisitions of projects that were already in progress were not completed due to the inability to complete due diligence due to the epidemic situation:
China Capital
Whether it is the number of Chinese capital participating in investment projects in Southeast Asia or the number of projects participating in investment, 2020 will set a record. At the same time, the areas of investment are concentrated in financial technology, retail and business automation:
At the same time, the volume of M&A transactions led by Chinese capital is also far ahead: