Consumers have stocked up on laptops, gaming consoles and other electronic products during the pandemic, leading to tighter inventory. They also bought more cars than industry officials expected last spring, further straining supplies.
Hou said that sales in his region, which excludes China, are booming, as companies and governments seek laptop computers to help people study and work from home.
4. #BritishAirways:The chief executive of British Airways said he is optimistic that international travel can resume from May 17 despite Britain warning on Monday that it was too soon to say whether holidays could restart.
"We are optimistic that travel can resume on the 17th of May, and the British public should not lose hope, and we remain optimistic that this will happen," BA CEO Sean Doyle told an online briefing.
5.#KKR&Co-Private equity powerhouse KKR & Co said on Tuesday it has raised $15 billion for its fourth Asia-Pacific focused fund, marking the region's biggest private equity fund at a time when buyout-backed deals are on the rise.
U.S.-based KKR started marketing the new Asia fund towards the end of 2019, initially targeting $12.5 billion, sources familiar with the situation have said previously."Companies across Asia Pacific are recognising their potential to become not only national and regional champions but also global leaders in their industries," Ashish Shastry, KKR's co-head of Asia Pacific private equity, said in a statement announced the fund-raising.
KKR said the fund exceeded its target size to reach its hard cap for fund investors' commitments and received strong support from new and existing global investors, including significant representation from Asia Pacific-based investors.
Coronavirus-spurred growth in the technology sector is expected to drive M&A activity in Asia this year. Private equity-backed deals in the region rose 51% to a record $129 billion last year.
Many regional funds including China's Primavera Capital and Boyu Capital are also raising funds, while Hillhouse Capital is targeting raising $13 billion, sources have said.
KKR said its fund would tap into opportunities stemming from rising consumer spending and urbanisation trends, as well as corporate carve-outs, spin-offs and consolidation
Hou said that sales in his region, which excludes China, are booming, as companies and governments seek laptop computers to help people study and work from home.
4. #BritishAirways:The chief executive of British Airways said he is optimistic that international travel can resume from May 17 despite Britain warning on Monday that it was too soon to say whether holidays could restart.
"We are optimistic that travel can resume on the 17th of May, and the British public should not lose hope, and we remain optimistic that this will happen," BA CEO Sean Doyle told an online briefing.
5.#KKR&Co-Private equity powerhouse KKR & Co said on Tuesday it has raised $15 billion for its fourth Asia-Pacific focused fund, marking the region's biggest private equity fund at a time when buyout-backed deals are on the rise.
U.S.-based KKR started marketing the new Asia fund towards the end of 2019, initially targeting $12.5 billion, sources familiar with the situation have said previously."Companies across Asia Pacific are recognising their potential to become not only national and regional champions but also global leaders in their industries," Ashish Shastry, KKR's co-head of Asia Pacific private equity, said in a statement announced the fund-raising.
KKR said the fund exceeded its target size to reach its hard cap for fund investors' commitments and received strong support from new and existing global investors, including significant representation from Asia Pacific-based investors.
Coronavirus-spurred growth in the technology sector is expected to drive M&A activity in Asia this year. Private equity-backed deals in the region rose 51% to a record $129 billion last year.
Many regional funds including China's Primavera Capital and Boyu Capital are also raising funds, while Hillhouse Capital is targeting raising $13 billion, sources have said.
KKR said its fund would tap into opportunities stemming from rising consumer spending and urbanisation trends, as well as corporate carve-outs, spin-offs and consolidation