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This week was a big one for M&As, with nine deals taking place across the region.
Out of the nine companies that were acquired, only three disclosed how much money changed hands. Still, those three businesses sold for a whopping US$1.9 billion – that accounts for almost half the total disclosed amount of all the deals that happened this week!
Like initial public offerings but, to a lesser extent, M&As are an indicator of a startup ecosystem’s maturity level. Generally (like, super generally), the more M&As take place, the more mature the ecosystem is becoming.
Hopefully, we see more blockbuster weeks in the future, maybe even to the point where nine M&As are just another week for tech in Asia.
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
BIGGEST DEALS BY COUNTRY
🇨🇳 Miaoshou Doctor: The Beijing-based healthcare service platform bagged US$462 million from CITIC Securities, Efunds, Gopher Asset Management, OrbiMed Advisors, Qiming Venture Partners, Sequoia Capital, and Tencent Investment in its series E round.
🇰🇷 Kakao Mobility: The Korea-based mobility startup raised a US$200 million late-stage funding round from The Carlyle Group.
🇸🇬 Branded Group: The Singapore-headquartered startup, which partners with founders of third-party brands on Amazon and other marketplaces to help them scale globally, got US$150 million from Declaration Partners, Kima Ventures, Kreos Capital, Lurra Capital, Regah Ventures, Target Global, Tiger Global Management, and Vine Ventures in an early-stage funding round.
Lists of most active investors in the region
List of top-funded startups in Asia
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