As Thailand’s government signals its intention to embrace venture capital, the harder but less visible work of transforming a traditionally risk-averse culture grinds on
While down rounds are increasing in frequency among US-based start-ups, the phenomenon has yet to take root in China. Desperation, dirty term sheets and willing investors are delaying the inevitable
The forces behind a bumper year for South Korean venture fundraising serve as a reminder that local players must do more to build much-needed international relationships
Having spent the last couple of years in a politics-driven limbo, Australia’s renewable energy sector is seeing renewed investor interest. Nevertheless, the market still presents various challenges
Having bought the HMV business in Asia as a distressed asset, Hong Kong-based AID Partners is working to reposition it as a lifestyle brand that reaches deeper into the media value chain than DVDs and CDs
As warning signals of a global economic downturn become increasingly convincing, private equity portfolio companies are likely to come under pressure. Investors are advised to prepare carefully
India has unveiled significant changes to its e-commerce industry, allowing 100% foreign ownership of marketplaces but restricting these businesses control over pricing. Industry feedback is mixed
India’s distressed asset sector is seeing a surge in investor interest as regulators indicate support for a tougher approach by creditors. PE investors looking to enter this space must develop sustainable strategies
Only the good prevail as LPs appear wary of China funds; investors continue to seek technology start-up exposure but the check sizes are falling; Korea delivers exits, but other markets fail to shine
While Indonesia’s VC industry is taking off, private equity firms have found the last few years challenging due to economic headwinds. GPs are now feeling most positive, thanks in part to government policy
The Jakarta Stock Exchange has never been a popular location for private equity exits due to various structural problems. The government wants to address these issues, but there is no quick fix
Changes to Indonesia’s “negative list” are expected to open up the country to more foreign investment, but private equity players will have to remember to tread cautiously
Indonesia’s government is serious about supporting VC investment, but regulatory inconsistency continues to slow development of the industry. Participants say engagement with major players is essential
Over the past three years, Standard Chartered has completed Asia’s largest secondary direct deal and put its PE unit in a position to raise fresh capital. But it is not necessarily a harbinger of things to come
Bubble tea chain Gong Cha’s Korean franchise started out with an entrepreneurial approach that suited its needs. Now Unison Capital is transforming management style and building a regional lifestyle brand
Renminbi-denominated fund-of-funds have found a new lease of life in China as new private sector entrants and reformed state-backed incumbents look to tap a growing domestic LP base
Capital continues to flow into China’s internet finance industry, but competition and regulation are changing the dynamics. VC investors can do well, provided they stay ahead of the game
Thorough reputational due diligence can find both potential deal-breakers and opportunities for improvement. Are PE firms taking it to the necessary depth in emerging markets like India?
Mercari has become Japan’s first unicorn on the back of an innovative approach to e-commerce. Can the company blaze a trail for others to follow by replicating its domestic success overseas?
Technological progress and changing consumer habits are bringing long-overdue change to India’s overworked healthcare system. Taking advantage will mean mastering the unique challenges of the market
The rapid growth of online finance technology has turned China into a hotbed for illegal fundraising, with local PE fund managers drawn into the mess. Can new regulation restore investor confidence?
Despite the rapid growth of the Chinese pharmaceutical industry, corporate venture capital so far has not built a large presence. Industry participants say this shows the market, though booming, is still immature
Chinese outbound investment in advanced technology assets is soaring, but the patchy nature of deal flow underlines the gulf in class between those that aspire to do deals and those that get them done
From Alibaba Group to Wanda Group, Chinese companies are looking to tighten their hold on the media value chain, moving upstream and downstream. Private equity can profit from this evolving ecosystem