INSIGHTS

Our insights on the opportunities and challenges
facing Asian private equity.

Axiom’s expectations for 2021

January 8, 2021

Axiom's expectations for 2021

Fun Fact: In the past 6 months alone, US$2 billion of funding went into companies in China’s fresh grocery retail sector.

China is now leading the world’s grocery retail sector with a projected market value of US$1.8 trillion by 2023. As consolidation among existing players continues, we are excited to see new models emerge, accompanied by more PE deal flow in this sector over the next few years.

Fun Fact: In the past 6 months alone, US$2 billion of funding went into companies in China’s fresh grocery retail sector.

China is now leading the world’s grocery retail sector with a projected market value of US$1.8 trillion by 2023. As consolidation among existing players continues, we are excited to see new models emerge, accompanied by more PE deal flow in this sector over the next few years.

Covid-19 has become the new normal for economies globally, affecting the daily lives of billions of ordinary people and increasing pressure on governments to react swiftly and effectively to dampen the economic shock of the virus. With the partial reopening of most Asian economies, we believe the region is on the road to recovery from the initial economic shock of Covid-19.

2019 was a volatile year for the public markets, pulled down by the trade disputes between the US and China, and buoyed by a continued low to negative interest rate environment. WeWork’s failed attempt at an initial public offering (“IPO”) is one example of this.

Inability to exit investments remains a key concern that many investors face when contemplating investing in Asia. The STAR market provides a welcome alternative funding platform for Chinese start-ups amid the US-China trade war.

As we look around at the adoption of ESG practices in Asia, we can see that Asia is still lagging behind that of Europe or the US. Discover how Axiom, as one of Asia’s largest and most experienced private equity fund managers, strives to create a positive and long-lasting impact on the communities we belong to with our investment management activities and business operations.