Asia will surpass the US as world’s biggest VC market in 2018

Asian venture capital companies funded $70.8bn in deals in 2017 almost
surpassing the U.S. which recorded $71.9bn according to the latest report
from Pwc.

Total global VC funding was up 50% year over year to $164b USD. Asian Funding
doubled while funding in the U.S. was up 17%. Socialist Europe as fallen way
behind recording only $17.6b over 2,483 deals.

Didi Chuxing late last month announced a $4bn investment from a consortium that
included Japan’s SoftBank and Abu Dhabi state fund Mubadala Capital as well as
domestic investors. That valued the ride-hailing group at $56bn, making it the
world’s biggest unicorn behind US rival Uber.

Other top-ranked Chinese unicorns, including Meituan-Dianping, an app that enables
users to book and buy meals, manicures and many other services, raised $4bn late
last year for a valuation of $30bn.

In 2018, we can expect the handset maker and consumer goods juggernaught, Xiaomi,
go public which could fetch a valuation of over $150bn. Expect strong Chinese demand
for that company’s equity.

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