Akihiko Mori

Can investors capture the China opportunity ex-China? Jian Huang and Edward Blenk will analyze the risks and potential wins at this Hong Kong Venture Capital and Private Equity Association (HKVCA) session next week.

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𝐂𝐡𝐢𝐧𝐚 𝐭𝐚𝐱 𝐫𝐞𝐟𝐨𝐫𝐦𝐬 𝐜𝐨𝐮𝐥𝐝 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐟𝐢𝐬𝐜𝐚𝐥 𝐛𝐨𝐨𝐬𝐭 𝐟𝐨𝐫 𝐥𝐨𝐜𝐚𝐥 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭𝐬 HSVM CIO Wilfred Sit recently sat down with Now TV to discuss potential policy developments and the outlook for China’s economy and markets in the months ahead. With senior government officials in China indicating that changes to taxation may be on the way, Wilfred noted that the reform of consumption tax could help shore up the fiscal health of local governments, but that the impact on consumers would remain unclear until further details of the possible changes are released. He said that although he expected China to roll out more pro-growth policies before the end of the year, it would likely refrain from taking excessive measures. Regarding the stock markets, the onset of the interim results announcement season would likely shift the focus from macro policies to micro factors in the near term, he added. Watch the full interview with Wilfred here: https://lnkd.in/gvYEr6AU For more insights from HSVM CIO: https://lnkd.in/gmp8ysDx #HangSengInvestment #HSVM #HangSeng #EconomicAnalysis #CIOMarketOutlook #China #ChinaMarketUpdate #TaxReform *Investments involve risks. Investors should seek independent advice. This content has not been reviewed by the Securities and Futures Commission and is intended for Hong Kong investors only.

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Over the past three years, Vietnam has witnessed impressive growth in foreign direct investment (FDI), thanks to an increasingly favorable business environment and effective investment attraction policies. By 2023, Vietnam had attracted $31.5 billion in FDI, indicating a sustainable recovery and growth. Particularly, the global supply chain shift has encouraged many large companies to invest in Vietnam, especially in technology and green manufacturing. Let's learn more about this trend with the post below. ---------------------------------------------------------- Swift Mergers Global 📍 14th Floor, HM Town Building, 412 Nguyen Thi Minh Khai Street, Ward 05, District 3, Ho Chi Minh City, Vietnam 📩[email protected] 🔗 www.swiftmergers.com

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Here is a report on 1H 2024 Startup trend report. https://lnkd.in/e-u3zd5D While my perspective may be influenced by sample bias, I've personally observed a growing trend among startups in Japan. There's a noticeable shift towards aiming higher—choosing to scale as private companies or viewing an IPO as the start of the journey rather than the end, and increasingly eyeing global markets. This cultural shift is exciting and indicative of a maturing startup ecosystem. Here are some key points from the report in English. 1. Overall Fundraising: Total startup fundraising in the first half of 2024 (January to June) amounted to 325.3 billion yen, slightly down from 335.4 billion yen in the same period in 2023. The number of companies raising funds increased by 14% year-on-year, with 1,411 companies involved. 2. Shift to Seed and Early Stage: There was a notable shift in investment towards seed and early-stage startups, with large-scale later-stage fundraising declining. The average fundraising amount per company was 270 million yen, while the median rose by 55% to 83.6 million yen, indicating a shift in distribution towards smaller fundraising amounts. 3. Top Companies: The largest fundraising in H1 2024 was by Tier IV, which raised 8.5 billion yen in a Series B extension round for its autonomous driving software. Spiber, a company developing synthetic protein materials, raised over 10 billion yen for scaling production and global expansion. 4. Focus on Experienced Entrepreneurs: There is a growing trend of funding being concentrated on startups led by experienced entrepreneurs, especially in seed and early stages. Notable examples include Turing, which focuses on fully autonomous vehicles, and Orange, which is developing deep learning models for manga translation. 5. Diverse Fundraising Methods: A new trend in H1 2024 was the use of the J-Ships system, allowing non-public companies to raise funds from specific investors, contributing to the diversification of fundraising methods. Debt financing also remained active, with a total of 88.8 billion yen raised by 156 companies. 6. Investor trends: VC was the largest contributor to funds, followed by corporate investors. There was an increase in the number of new funds over 10 billion yen, with a total of 51 new funds established in H1 2024, amounting to 232.1 billion yen. 7. IPO and M&A Activity: The IPO market remained sluggish with 60 IPOs, of which 22 were startups. The median market cap at IPO fell to 7.7 billion yen. M&A activity increased, with 92 acquisitions or subsidiary formations and 33 business transfers, indicating that startups are increasingly opting for M&A as an exit strategy. 8.Government and Corporate Support: Significant government support continues to bolster the startup ecosystem, including tax reforms, funding from public institutions, and the promotion of public procurement for startups. #Japanbusiness #Japanmarket #startup

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