Tag Archives: Singapore

Asia, the Next Big Tech Market


Asia, the Next Big Tech Market

Over the past four years there’s been a significant increase in the value and volume of Asian tech startup investments. This past two weeks, more than 10 Asian startups have received funding from local and international VCs. It’s worth noting that while China and India have always received investor attention for their mammoth populations, and traditionally tech-savvy markets like Japan and South Korea have come from a pedigree of technical innovation, investors are increasingly looking towards Singapore, Vietnam and Taiwan for new tech investment opportunities. Here’s to Asian startups in 2014, and the continued development of the region!

Top 20 Asia & Pacific Deals for August 2013

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
1$1,900,000,00091 WirelessBaiduMobile & AppsAcquisition
2$810,000,000BeidouChinaHardware & InfrastructureInvestment
3$700,000,000360BuyOntario Teachers’ Retirement Fund, Kingdom HoldingsEcommerceInvestment
4$586,000,000Sina WeiboAlibabaMediaInvestment
5$370,000,000PPSBaiduSoftware & ServicesAcquisition
8$136,000,000BankLinkMYOB Finance NZSoftware & ServicesAcquisition
11$78,201,000ReveraTelecom Corp of New ZealandHardware & InfrastructureAcquisition
14$48,000,000SgCarMartSingapore Press HoldingsTransactionsAcquisition
16$36,000,000eBaoTechFTV Capital, Cathay Capital Private EquitySoftware & ServicesInvestment
19$26,000,000ZaloraTengelmann GroupEcommerceInvestment
20$21,200,000MagaSeekNTT DocomoEcommerceAcquisition

More information

  1. Baidu Agrees To Buy Chinese Android App Distributor 91 Wireless For $1.9B (Techcrunch)
  2. China Is Investing $810M In Beidou, A Navigation System It Hopes Will Eventually Rival GPS (Techcrunch)
  3. China’s 360Buy Unwraps Massive New Funding Round of $700 Million (Tech In Asia)
  4. Sina Weibo, China’s Equivalent of Facebook and Twitter, Gets $586M Investment From Alibaba (Techcrunch)
  5. Baidu Confirms $370M Purchase Of PPS, Underscoring Online Video’s Importance For Internet Companies Around The World (Techcrunch)
  6. India E-Commerce Giant Flipkart Raises Another $200M From Existing Investors (Techcrunch)
  7. Confirmed: Baidu acquires majority stake in Renren’s daily deals site for $160 million (Tech in Asia)
  8. MYOB acquires NZ firm for $136m (The Channel)
  9. Zalora, Rocket Internet’s SE Asian Zappos Clone, Raises $100M More From Summit, Kinnevik And More (Techcrunch)
  10. Rocket Internet’s Lazada Lands $100M As It Seeks To Become The “Amazon Of Southeast Asia” (Techcrunch)
  11. Telecom NZ acquires NZ cloud data centre and infrastructure services firm Revera for NZ$96.5m, est 6.43*2013 EBITDA (Australian Technology Transactions)
  12. Baidu, Hillhouse & GGV Reportedly Invest $57M In Qunar As The Chinese Travel Site Weathers A Boycott (Techcrunch)
  13. EBay Beats Out Amazon To Lead $50M Round In India’s E-Commerce Giant Snapdeal To Build Up Its BRIC Business (Techcrunch)
  14. SPH Acquires SgCarMart for $48 Million (Tech in Asia)
  15. Singapore’s MediaCorp Invests $40M In Luxury Online Retailer Reebonz (Techcrunch)
  16. eBaoTech Closes $36M Equity Financing (FinSMEs)
  17. Monster’s China Dream Shattered, Its $240 Million Site Sold Off for $30 Million (Tech in Asia)
  18. Read more: http://www.nasdaq.com/article/update-saps-hybris-deal-valued-at-1-billion-or-more—sources-20130605-01235#ixzz2Z4xObiQM (Deal Curry)
  19. Rocket Internet-Backed Singaporean Fashion Site Zalora Gets $26M From Tengelmann, Announces Software Development Center (TechCrunch)
  20. Docomo Confirms Acquisition of MagaSeek for $21 Million to Boost E-Commerce Efforts (Tech in Asia)