Corporate venture capital deal share in Asia close to overtaking North America
Asia drew 38% of all deals in 2018, up from 31% in 2017; North America fell 7 percentage points to low of 41%
Singapore
GLOBAL corporate venture capital (CVC) deal activity reached a historic high in 2018, with Asia close to overtaking North America's deal share, according to a report by CB Insights.
Asia attracted 38 per cent of all CVC deals in 2018, up from 31 per cent in 2017, while North America's deal share receded 7 percentage points to an all-time low of 41 per cent. This came on the back of global CVC funding surging 47 per cent from 2017 to US$53 billion, across 2,740 deals.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
OpenAI, Reddit sign partnership on ChatGPT, AI products, ads
OpenAI co-founder Ilya Sutskever departs ChatGPT maker
Sea posts US$23 million Q1 loss, but investors cheer Shopee’s record revenue
Uber to buy Delivery Hero’s Taiwan business for US$950 million
SoftBank sells off Vision Fund assets as Son pivots to AI, chips
Battery swapping faces uphill climb in Singapore’s EV market