HONG KONG/BEIJING : Dealmakers in Asia are betting a possible retreat of multinational companies operating in China and a rise in acquisitions in India and Southeast Asia will replenish the M&A pipeline, amid macroeconomic headwinds.
China's outlook is further clouded by the country's strict COVID-19 curbs as well as uncertainties over its policy direction ahead of next month's leadership reshuffle by the ruling Communist Party, bankers and lawyers said. "Right now, people don't know if we hit the bottom yet," he said."If you were the seller, you probably wouldn't be willing to sell because you think that there should be prospects for an improved valuation in the not-too-distant future."
Southeast Asian startups are also enjoying a boom in fundraising exercises by venture capital and buyout funds that are chasing bigger returns outside China.
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