Japan is expected to emerge as a hotspot for restructuring over the next 12 months as domestic industries consolidate and foreign multinationals reassess their activities in a weak and demographically challenged consumer market. South Korea and Japan are also tipped to see increased activity, according to a survey of private equity industry survey by global business advisory firm AlixPartners.
"What we are seeing in Japan is a lot of focus on industrial consolidation. The government has set up groups like Innovation Network Corporation of Japan (INCJ) and they are active in specific sectors...
Chinese gene therapy specialist Exegenesis Bio has received $20 million in Series B funding led by Legend Capital. It will be used to support clinical development of the company’s drug portfolio.
Alibaba Group has led a $300 million round for Chinese electric vehicle (EV) manufacturer Xpeng Motors. It comes barely two weeks after the company closed an extended Series C round of $500 million.
EDBI, the investment arm of Singapore’s Economic Development Board, has invested in Vesta, a US-based fraud and payment technology start-up with ambitions to expand into Asia.
Hana Financial has invested KRW100 billion ($85 million) in a portfolio of Korean waste to energy (WTE) projects controlled by Global Infrastructure Partners (GIP).