💰 Mega Deals & China Education > S&P500
For over 5 years, HolonIQ has been tracking and analyzing Impact Capital Markets, Foundations and Philanthropies, Venture and Growth Capital, Private Equity and Public Markets.
Now, with more than 50 stock indices being tracked, we're kicking off 2024 with a new daily newsletter for data-driven, global leaders looking to understand trends in strategic industries.
Today's Topics
- 🇨🇳 China Education. China Education > S&P500
- 💰 Funding. First Mega Rounds for 2024
- 📦 Acquisitions. Elevance Health + Paragon
- 📅 Economics. Trade, GDP and Inflation this week
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🇨🇳 China Education > S&P500
HolonIQ China Education (HIQCEDU) The index increased by almost 60% during the 6 month period ending January 2024, against the 7% return on the S&P500 index during the period. The peak observed towards the end of July coincided with New Oriental Education & Technology Group, China’s top 10 education company, releasing its 2023 Q3 results, showing that net income attributable to New Oriental for the fiscal year 2023 was US$177.3 million, compared to a loss of US$1,187.7 million for the prior fiscal year. Towards the end of September, a significant increase in the index value was observed alongside the news of 13 existing Chinese universities being featured in the Top 200 of the Times Higher Education World University Rankings.
💰 Funding
🏥Lykos Therapeutics, a San Jose, California-based mental health care company, raised $100M Series A led by Helena.
🌱 Perfect Day, a Berkeley, California-based company producing animal-free milk protein, raised a $90M Series D from international investors. The company aims to announce a 'major CPG (Consumer Packaged Goods) partner launch' in 2024.
💊 Vico Therapeutics, a Leiden, Netherlands-based clinical-stage genetic medicines company developing therapies for severe neurological diseases, raised a $60M Series B from Ackermans & van Haaren. The funds will be used to support its ongoing Phase 1/2a clinical trial evaluating VO659 in patients.
🧬 Moonwalk Biosciences, a California-based genomic medicine company, raised a $57M Series A from Alpha Wave Ventures to advance its epigenetic technology platform and progress the therapeutic pipeline toward the clinic.
📚 Affinity Learning, a NYC-based full-featured learning management platform, raised an undisclosed sum in a seed round led by O'Shaughnessy Ventures. The funds will likely be used to scale and improve its compliance training solution for regulated industries.
📦 Acquisitions
💉 Elevance Health (NYSE: ELV), an Indianapolis-based healthcare company, acquired Paragon Healthcare, Inc., a Plano-based company specializing in life-saving and life-giving infusible and injectable therapies.
📅 Economic Calendar
This week, anticipate key economic indicators with a focus on Balance of Trade, GDP, and Inflation.
Monday
🇩🇪 Germany - Balance of Trade, November
Tuesday
🇨🇦 Canada - Balance of Trade, November
Thursday
🇦🇺 Australia - Balance of Trade, November
🇺🇸 US - Core Inflation Rate MoM, December
🇺🇸 US - Core Inflation Rate YoY, December
🇺🇸 US - Inflation Rate MoM, December
🇺🇸 US - Inflation Rate YoY, December
Friday
🇨🇳 China - Inflation Rate YoY, December
🇨🇳 China - Balance of Trade, December
🇬🇧 UK - GDP MoM, November
🇺🇸 US - PPI MoM, December