THE BRIEF
“ ASIAN BUSINESSES ARE PUSHING HARD TO DEPLOY TECHNOLOGIES SUCH AS CLOUD , APIS , MOBILE APPS , RESILIENCY , AND ANALYTICS TO REAP THE REWARDS OF DIGITAL TRANSFORMATION ”
� Scott Patterson APAC Fintech and Financial Services Lead , Enterprise Ireland
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BY THE NUMBERS
Global adoption of crytocurrency
* Surging an incredible 881 % in the last year , cryptocurrency is being adopted most quickly by emerging countries with the top three located in Asia .
CHINA 0.16 %
“ There is a stronger appetite for digital or hybrid events in Asia … visitors from Asia are significantly more likely to convert from attending a new event digitally to attending in person in the future ”
� Kai Hattendorf CEO , UFI , The Global Association of the Exhibition Industryn
PAKISTAN 0.36 %
INDIA 0.37 %
THAILAND 0.17 %
VIETNAM 1 %
PHILIPPINES 0.16 %
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93 %
The increase in gross profit to US $ 19bn achieved by ByteDance , the Chinese parent of TikTok , in 2020 , almost doubling revenues as usage of the hugely popular video app boomed . The rapid growth of the privately-owned Beijing-based company has led to analysts estimating its value at up to US $ 100bn .
$ 20bn
The total amount of corporate venture capital deals and equity funding given out in Asian markets in the first half of 2021 , according to CB Insights , nearly as much as the whole of 2020 and meaning that VC in Asia is second only to the biggest name in VC , the US .
$ 3.8bn
The funds South Korean video game company Krafton raised in going public , making its IPO the second largest in Korea ever after Samsung Life Insurance in 2010 ( US $ 4.4bn ). Both IPOs are expected to be outdone by the IPO of vehicle battery maker LG Energy Solutions , planned for Q3 2021 , and expected to raise US $ 9bn .
10 October 2021