I just came back from Casual Connect Singapore and Beijing on Memorial Day, and what a fascinating experience it was to see the pulsing energies of the cities and the people building them up. At both events, I had the opportunity to give talks on Gaming M&A and Future Trends with a special focus on the many, many Asian companies acquiring and investing all over the world at incredible rates. In the gaming space, the top 9 of 10 deals were done by Asian acquirers out of China, Japan and South Korea! Tencent, who has been busy buying and investing in companies with growing properties like WeChat, has over $5.6 billion sitting on its books at the end of Q1.
The majority of the companies I spoke with had travel plans to be in San Francisco or other parts of the US which continues to close the gap between the East and the West. I shared more insights with Dean Takahashi of VentureBeat – see his article here.