YAFO Insights | 2022 China Licensing Transaction by Numbers

After five-year’s strong growth, we see the sharp decline of cross-border in-licensing activities since 2017. Total transaction volume went down 54% yoy.
【Highlights】
China In-licensing:
After five-year’s strong growth, we see the sharp decline of cross-border in-licensing activities since 2017. Investors looking for safer and more “affordable” assets in 2022.
China Out-licensing:
China innovation is rising. We see more early stage large licensing deals happening.
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