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<p>Asian companies enjoy the spotlight again in the third quarter of 2017 with more than half of the top ten deals in July-September period coming from the region.</p></article>

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<p>Asian companies enjoy the spotlight again in the third quarter of 2017 with more than half of the top ten deals in July-September period coming from the region.</p>
<p>According to a <strong><a href="https://www.preqin.com/docs/press/VC-Deals-Q3-2017.pdf" target="_blank" rel="noopener">report </a></strong>by Preqin, venture capital-backed deals reported second consecutive record-breaking quarter with 2,362 deals being announced worth a combined $49 billion. These were led by Singapore-based<strong><a href="http://dealstreetasia.com/tag/uber" target="_blank" rel="noopener"> Uber</a></strong> rival <strong><a href="http://dealstreetasia.com/tag/grab" target="_blank" rel="noopener">Grab</a></strong>&#8216;s raising <strong><a href="https://www.dealstreetasia.com/stories/grab-2b-softbank-didi-chuxing-77781/" target="_blank" rel="noopener">$2 billion funding</a></strong> from Japan’s <strong><a href="http://dealstreetasia.com/tag/softbank" target="_blank" rel="noopener">SoftBank Group</a></strong> and China’s top ride-hailing firm<strong><a href="http://dealstreetasia.com/tag/didi-chuxing" target="_blank" rel="noopener"> Didi Chuxing</a></strong>. This was followed by <strong><a href="http://dealstreetasia.com/tag/general-atlantic" target="_blank" rel="noopener">General Atlantic</a></strong> investing $2 billion in<a href="http://dealstreetasia.com/tag/sequoia" target="_blank" rel="noopener"> <strong>Sequoia Capital</strong></a>-backed Chinese news aggregator in August.</p>
<p>Chinese firms Go-Ready and <a href="http://dealstreetasia.com/tag/cainiao" target="_blank" rel="noopener"><strong>Cainiao Network</strong> </a>were also on the list along with India and Indonesia&#8217;s e-commerce giants <strong><a href="http://dealstreetasia.com/tag/flipkart" target="_blank" rel="noopener">Flipkart</a></strong> and <strong><a href="http://dealstreetasia.com/tag/tokopedia" target="_blank" rel="noopener">Tokopedia </a></strong>respectively.</p>
<p>Among investors, Asia&#8217;s SoftBank proved to be most aggressive by participating in half of the top 10 deals in the quarter. Chinese internet giant <strong><a href="http://dealstreetasia.com/tag/alibaba" target="_blank" rel="noopener">Alibaba</a></strong> was also prominent on the list with two billion dollar-plus deals to its name. In the April-June quarter too, among the largest ten venture capital deals, eight were struck in Asia.</p>
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<p><a href="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-163955.bmp.jpg"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-83506" src="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-163955.bmp.jpg?resize=640,179" alt="" srcset="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-163955.bmp.jpg?w=1091 1091w, https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-163955.bmp.jpg?resize=300,84 300w, https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-163955.bmp.jpg?resize=768,215 768w, https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-163955.bmp.jpg?resize=1024,286 1024w" sizes="(max-width: 1091px) 100vw, 1091px" data-recalc-dims="1" /></a></p>
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<p><a href="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164219.bmp.jpg"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-83507" src="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164219.bmp.jpg?resize=389,302" alt="" srcset="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164219.bmp.jpg?w=389 389w, https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164219.bmp.jpg?resize=300,233 300w" sizes="(max-width: 389px) 100vw, 389px" data-recalc-dims="1" /></a></p>
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<p>While these figures are likely to rise by around 5 per cent as more information becomes available, they have already crossed the previous record of $48 billion in venture capital-backed deals recorded in the preceding quarter. This has put total deal activity in the first three quarters of 2017 at $128 billion, on course to become an all-time annual high.</p>
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<p>“2017 now seems assured to set new records for venture capital-backed deal activity, as the industry has witnessed its second consecutive record-breaking quarter. Driven by the rising number of late-stage multi-billion dollar financings – eight in Q3 alone – the industry is setting new records with increasing regularity. Increased opportunities in emerging markets and increased appetite from investors are combining to propel the venture capital industry to new heights,&#8221; said Felice Egidio, Head of Venture Capital Products at Preqin.</p>
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<p><a href="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164219.bmp-1.jpg"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-83508" src="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164219.bmp-1.jpg?resize=399,319" alt="" srcset="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164219.bmp-1.jpg?w=399 399w, https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164219.bmp-1.jpg?resize=300,240 300w" sizes="(max-width: 399px) 100vw, 399px" data-recalc-dims="1" /></a></p>
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<p>The investments are however now more selective as indicated by the declining number of transactions, with this reported quarter representing the sixth consecutive quarterly decline. In the first nine months of the year there have bee  7,552 venture capital-backed deals announced, compared to 8,792 in the equivalent period of last year, showed the Preqin report.</p>
<p>&#8220;The bulk of deal activity remains focused on the earlier part of the funding cycle, with angel and series A investments accounting for almost half of total deal numbers. However, deal values are increasingly being driven by large late- stage financings and debt issuances. In fact, while the average value of financings up to series C have all fallen in 2017, average series D deals are at a record high, while the average venture debt issuance is more than twice as large as it was in 2015,” added Egidio.</p>
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<p><a href="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164443.bmp.jpg"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-83509" src="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164443.bmp.jpg?resize=392,315" alt="" srcset="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164443.bmp.jpg?w=392 392w, https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164443.bmp.jpg?resize=300,241 300w" sizes="(max-width: 392px) 100vw, 392px" data-recalc-dims="1" /></a></p>
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<p>While venture capital investment activity touched record levels, exits continued to decline. The largest venture capital-backed exit announced in Q3 2017 was the <strong><a href="http://China: Happigo to fully acquire online video platform Mango TV for $1.4b Read more at: https://www.dealstreetasia.com/stories/83200-83200/" target="_blank" rel="noopener">$1.4 billion sale</a></strong> of China-based <strong><a href="http://dealstreetasia.com/tag/mango-tv" target="_blank" rel="noopener">Mango TV</a></strong> to <strong><a href="http://dealstreetasia.com/tag/happigo" target="_blank" rel="noopener">Happigo</a></strong>. However, the top 10 exits were dominated by US-based transactions barring Flipkart stake sale in India and Chinese firm Best Logistics Technology (China) Ltd&#8217;s IPO. German firm <strong><a href="http://dealstreetasia.com/tag/delivery-hero" target="_blank" rel="noopener">Delivery Hero AG</a></strong>&#8216;s stake sale was also amongst the top 10 exits in the quarter.</p>
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<p><a href="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164526.bmp.jpg"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-83512" src="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164526.bmp.jpg?resize=394,306" alt="" srcset="https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164526.bmp.jpg?w=394 394w, https://media.dealstreetasia.com/uploads/2017/10/Fullscreen-capture-04-10-2017-164526.bmp.jpg?resize=300,233 300w" sizes="(max-width: 394px) 100vw, 394px" data-recalc-dims="1" /></a></p>
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<p><strong>Also Read:</strong></p>
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<p><span class="tinymce-colortext" style="color: #ff0000;"><strong><a class="tinymce-colortext" style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/asia-overtakes-us-for-the-first-time-in-vc-funding-cbinsights-77547/" target="_blank" rel="noopener">Asia overtakes US for the first time in VC funding; claims top 5 deals globally in Q2</a></strong></span></p>
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<p><span class="tinymce-colortext" style="color: #ff0000;"><strong><a class="tinymce-colortext" style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/2017-pe-fundraise-set-break-records-aided-3-asia-mega-funds-still-road-report-83459/" target="_blank" rel="noopener">2017 PE fundraise set to break records aided by 3 Asia mega funds still on road: Report</a></strong></span></p>
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Asian companies shone again in the third quarter of 2017 with more than half of the top ten deals in Jul-Sep coming from the region.

Asia dominates global VC deals as investments break records again in Q3

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Asia dominates global VC deals as investments break records again in Q3

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