Peter Niklai

Mapletree is pleased to announce the successful closing of Mapletree Japan Investment Country Private Trust (MAJIC). This is the Group’s second Japan logistics development fund and third fund focused on Japan, after prior successful funds in logistics development and office respectively, delivered strong performances and exceeded their original target returns. MAJIC is majority seeded with initial logistics development properties sourced by the Sponsor, providing good visibility in terms of the Fund’s deployment. It is expected to achieve over JPY 110 billion (~S$1.0 billion) in assets under management, after full deployment and all development projects are completed.   With demand for modern logistics facilities in Japan expected to continue its outperformance, MAJIC aims to deliver a strong logistics development pipeline that meets this demand throughout key cities in Japan by leveraging the Group’s strong on-the-ground relationships and global development capabilities.   For more information, refer to our press release here: https://lnkd.in/g7hZKr39   #Mapletree #MIPL #MAJIC #Japan #Logistics #PrivateFunds #PrivateEquity

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[7 out of 10 wealthy Koreans offer grim outlook for 2024] Real estate remains most attractive potential investment for the rich The majority of wealthy South Koreans have a negative outlook on this year's economy, with plans to maintain their current asset portfolios. However, some are considering investing in real estate if the economy improves. These findings are from the "2024 Korean Wealth Report," compiled by a think tank under 하나은행 based on a survey of around 2,600 Koreans conducted in December last year. Of the respondents, 746 with over 1 billion won ($726,000) in financial assets -- including cash, bonds and stocks -- were classified as "wealthy." According to the report, 63 percent of the wealthy anticipate a downturn in the real economy, while 26 percent believe it will remain stable. Only 11 percent expect it to improve. Although this outlook is generally negative, it shows some improvement from last year, when 79 percent foresaw economic decline and only 7 percent expected improvement. The proportion of wealthy individuals taking a wait-and-see approach to their asset portfolios, rather than actively adjusting them, has increased significantly. This year, 7 out of 10 respondents plan to keep their current portfolio status, an increase from last year's 5 in 10. Tap below to read full story. #HanaBank #portfolio #asset #management #individual #report #wealth #capital https://lnkd.in/eF5JKtpH

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Oops. Looks like Mr. Ishiba's call for a snap election backfired. The results are in. Of the 465 contested seats in the Lower House, the Ruling Parties (LDP + Komeito) got 215. The opposition parties got 235. 233 seats were needed for a majority so simply put, the Ruling Parties lost. IMO, Mr. Ishiba should have fully addressed the financial scandal which brought down his predecessor, Mr. Kishida, before triggering this election. Mr. Ishiba and LDP are now in a precarious position. That said, I believe the future of Japanese business and investment remains on an upward path, largely unaffected by political turnover. One could even argue that government leadership here may have less direct impact on business stability than in other regions. What do you think? https://lnkd.in/eurqx92t

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We're thrilled to announce an innovative partnership between the The Drucker Institute, Drucker School of Management, and Daiwa Asset Management. This collaboration has led to the launch of the "Drucker Institute Japan Equity Fund," a new investment vehicle that leverages the innovative Japanese Drucker Institute Score. In March 2024, Daiwa Asset Management developed this unique score based on the proven concepts and methodologies of the Drucker Institute Score. This initiative underscores our shared commitment to advancing effective management practices and fostering sustainable business growth in Japan. The Japanese Drucker Institute Score will be updated annually, ensuring it remains a robust and relevant tool for investors. For more details on the fund, please visit (Japanese only): https://lnkd.in/gszv5PJG Stay tuned for more updates as we continue to drive impactful change in the world of business and investment. #DruckerInstitute #DruckerSchool #DaiwaAssetManagement #Investment #Innovation #SustainableGrowth #JapanEquityFund

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"老板负债失联，公司就地解散" - Without warning, a Shanghai-based tech company folds on May 29. “极目科技” was founded in 2023 and has over 1,000 employees across 10 subsidiaries in over 40 offices in China and abroad. The startup incubator with a focus in AI, metaverse, healthcare, fintech and cloud computing reportedly had accrued debts over 6.2 billion yuan including months of backpay owed to its employees. In the past two years I have posted about the plight of China's private tech companies and SMEs and their challenges of operating in a difficult post-pandemic environment , geopolitics notwithstanding. During that time, I had been approached and personally aided a handful of these companies, knowing their founders and their solid track records pre-Covid. It behooves Beijing to implement timely stimulus policies to help bring back the once-vibrant private sector, for it is truly the engine which drives the growth of China's economy. #china #economy #tech #startups #sme #bankruptcy https://lnkd.in/gGMZrQyb

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What has changed for medical investment in China during this “Capital Winter”? I was in Korea last week but didn’t miss out on the Gaorong Capital高榕资本’s Annual Healthcare CEO Conference & Demo Day in Shanghai. It’s a close-door event hosted by Gao Rong, a leading VC in China, attended by representatives from their healthcare portfolio companies, LPs, and other investment partners. It was a great opportunity to share my thoughts on why Chinese healthcare innovators need a mindset shift to achieve their Go Global aspirations. It was also a valuable learning experience for me. Here are a few takeaways from the event: 1️⃣ New Opportunities in the “Capital Winter”: While people are talking about the "capital winter" in China, funding is still available there, and it's still more substantial compared to many other parts of the world. However, new IPO regulations have made exits significantly harder, leading investors to become more cautious and selective. They are increasingly exploring alternative opportunities, such as overseas deals and acquisitions of corporate assets. 2️⃣ Survival of the Fittest: Biotech companies that once saw big investments in China are now facing tough times for the subsequent rounds due to IPO challenges. Only those with strong resilience and adaptation are likely to survive, while others may disappear. This may not be a bad thing, as it's a natural process to eliminate excess and encourage more rational competition. 3️⃣ Increased Focus on Commercial Viability: With IPOs becoming difficult, investors are paying more attention to the commercial growth of their companies. They’re helping with business development, fundraising, and even global expansion. No one knows how long this "winter" will last, but investors are finding creative ways to support their portfolio companies and each other.  🌍 It’s all about adapting and staying strong! To all the Chinese healthcare investors and innovators out there – 加油! #Healthcare #Investment #Biotech #BusinessGrowth #China

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We’re thrilled to announce the launch of Coral Capital IV, a JPY 25 billion (~$160m with the cheap JPY!) fund dedicated to building legendary companies in Japan. Thanks to the unwavering support of our Limited Partners (LPs), we exceeded our JPY 20 billion target in just three months, achieving an oversubscribed close. This fund includes a mix of domestic and international institutional investors, strengthening our global reach. With this fund, we can invest anywhere from JPY 50m to JPY 3 billion in companies from Seed to Series C, bringing our total AUM to approximately JPY 60 billion. When I started my first company in Japan, annual investment in startups was around JPY 100 billion. Today, it's nearing JPY 1 trillion. Inspired by firms like Y Combinator and a16z, we launched our first fund in 2016 to create the firm I wished existed when I was an entrepreneur. We've since invested in over 100 companies, supporting standout names like SmartHR, Kakehashi, and Kyoto Fusioneering. Our "Ecosystem VC" approach focuses on three pillars: Capital, Talent, and Insights, helping startups secure funding, attract top talent, and scale effectively. With increased ambition, talent, and capital flowing into Japan’s ecosystem, we’re excited to see Japan at an inflection point. As the government continues to make progress tearing down red tape and lifting the weights holding startups down, we believe that finding, backing, and supporting smart people aiming to solve hard but important problems is the way to help Japan thrive again.

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Important comments from the head of Taiwan's Taipei Computer Association, Paul Peng, who is also the chair of major panel maker AUO. As Peng argues, Japan is a good example to consider on how to reform a nation's immigation policy to address manpower shortages and low birth rates. Of course, there is some thought needed as Taiwan is an economy characterized by many small- and medium-sized, often family-owned businesses that face challenges in recruiting top global talent. Japan's economy is one of larger corporations and business groups that are often no longer family-run. That should be motivation for Taiwan to also push for greater consolidation as well as allowing Taiwan's transformation to move from family-run businesses to instead family offices or investment vehicles. https://lnkd.in/g5iF-fhj

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🇯🇵 Thank you for the great turnout at PEFORUM’s inaugural Japan Private Equity Virtual Summit. 🙏 Thank you to our partners, speakers and attendees: Azusa Owa, Bain & Company for sharing a focused report which cut through what is “noise” vs fundamentals. Megumi Kiyozuka, Sunrise Capital for highlighting the opportunities and challenges in the mid-cap market. Hiroaki Ando, AIC for the clear outline of Secondaries in Japan. Shinji Asada, One Capital for the focused discussion on VC and specifically enterprise software and SAAS vertical. Takafumi Ochiai and David Tan, Atsumi & Sakai for the highlights on the proper legal and DD approach to investing in Japan. A special thank you to: Steve Bernstein for fast tracking my understanding of the Japanese market. Philippe NERI of Institut Villa Pierrefeu SA for the understanding of Japanese culture and etiquette. Thank you to our Administration Partner: FIDUPAR Education Partner: Inflection Point Intelligence

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⏰ Our May edition of the Small-Cap Monthly is finally here! 🤩 🎙️ Dive into the minds of industry leaders with exclusive interviews featuring the most promising Chairmen and CEOs from Taiwan. Gain insights, strategies, and inspirations straight from the visionaries shaping the future. 🔑 Did you know Taiwan is ranked the #1 in Total Market Cap/GDP globally? Find out why in this edition! 🏆 Discover the "Top 10 Small-Cap Performers of the Month" – A spotlight on the rising stars and innovators driving Taiwan's small-cap success. Who's making waves? Find out here! 📈 Get the edge with our research team's exclusive comments on selected Taiwan small-cap news. Uncover hidden opportunities and stay ahead in the dynamic world of small-cap investments. 📖 QIC's Taiwan Small-Cap Monthly Lookout is your go-to source for exclusive content, expert analyses, and unparalleled insights into Taiwan's vibrant Small-Cap Market. 📰 This month includes another great read from QIC’s CSO, Peter Kurz— Taiwan BioTech Gen 3 🗓️ Don't miss out! Stay tuned for monthly industry trends, success stories, and investment opportunities. 💬 Let us know if you want to be included in the distribution! Email Jack LIN ([email protected]) for any questions or suggestions! Read it Here: https://reurl.cc/oRXOa3 #QICTaiwan #SmallCapLookout #InvestmentInsights #TaiwanBusiness #MonthlyPublication #Monthly #QIC #CEO #SmallCap #Taiwan 🚀📊 Alex Lee

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A brave, frank and truthful academic - Peking University professor 李玲, in a July 10 interview with Phoenix TV, stated the following - “我们当年做医改方案的时候，8000亿就能实现全民免费医疗。现在9万亿了，你连毛都没摸到。太多人得了不该得的钱” The long-time critic of the rampant and systemic corruption in China’s 医保 system speaks out again. This time on a media platform with state ties and ahead of the Third Plenum. This is a topic I’ve touched on before with posts suggesting China's national health insurance program was on a path of financial insolvency. My comment was based on the data while working on a private enterprise solution to supplement 医保. *the link to the Weibo interview site has been taken down. A new link to the video is in the comment section below. #china #healthcare #reform

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Our latest research at MIC has meticulously analyzed Taiwan's 500 manufacturing sectors, 31 construction industries, and 51 financial sectors. The standout revelation?     💡 We've identified nine key trends that will shape the trajectory of various industries. These insights highlight the pivotal role of technology in enhancing business agility and propelling strategic initiatives.    As these developments unfold, we encourage industry leaders, tech enthusiasts, and strategic thinkers to engage with us. Explore how these trends can catalyze innovation and growth in your business. Connect with us for more information: https://lnkd.in/gTq9R7Ds #TechTrends2024 #DigitalTransformation #AI #CloudComputing #Cybersecurity #ESG #TechInvestment #TaiwanTech #BusinessAgility #TechInnovation #OperationalFlexibility #StrategicInitiatives #DataManagement #SustainableTech #InnovationInTech #AIAdvancements #CloudTech #EnterpriseTech #TechnologyLeadership #FutureofTech #MIC 

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<Summary of Chairman Hiroshi Nakaso's speech, 19th July> Today, Chairman Hiroshi Nakaso delivered a speech on “International Financial Cities and the Importance of Disclosure to Support Dialogue with Global Investors” at an event hosted by QUICK Corp. - Japan Financial Information -. Key points are as follows : 1. Based on the “Global Financial City Tokyo” vision, FinCity.Tokyo (東京国際金融機構) was launched in April 2019 as Japan's first public-private partnership financial promotion organization. Activities focus on overseas promotion, attracting overseas fintech and asset management companies, and policy proposals to national and local governments and industry associations to further improve Japan's functionality as an international financial city. 2. The number of members supporting its vision has increased from approximately 30 at the time of its establishment to 52 at present, including major financial institutions, the Tokyo Metropolitan Government, the JPX Group, real estate, industry associations, venture companies, and universities. 3. Tokyo is unique as an international financial center in that it is an “onshore international financial center” with both a robust real economy and financial system. In this sense, Japan's ideal development as an international financial center should mesh the two wheels of “upgrading the investment value chain” and “strengthening the supply chain. 4. Domestic and foreign institutional investors are increasingly using non-financial information in their investment decisions, and disclosure of non-financial information is becoming increasingly important for the continued growth of companies. If a company is proactive in disclosure, it is more likely to attract the attention of foreign investors, and it will also be evaluated more highly as a company that is proactive in ESG measures. 5. As part of non-financial information disclosure, it is also important to disclose non-numerical comparative advantages, such as a company's intellectual property. Intellectual property related to superior technologies possessed by small and midsize companies can pave the way for the development of new financing methods, such as loans and securitized products secured by such intellectual property. Intellectual property has the potential to be a powerful tool for financing requirements, including decarbonization. 6. Decarbonization will require both massive capital investment and technological innovation. It cannot be achieved without the active participation of small and medium-sized enterprises (SMEs), which support the Japanese economy and form the core of the industrial structure. #国際金融都市

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Continuing from last week's insightful episode, Richard Wang, Managing Partner of Taiwania's Central and Eastern Europe Investment Fund, will further explore how Taiwanese startups can successfully expand into international markets. 💪💪 In recent years, Central and Eastern Europe has emerged as a key economic engine in Europe, and many Taiwanese companies are adopting this region as a gateway to the broader European market. Curious about the opportunities in Central and Eastern Europe? Discover more in this week's #台杉ChatChatChat 😎 Episode Highlights:  🔥 How can Taiwanese startups navigate and integrate into overseas markets? 🔥 What growth potential does Central and Eastern Europe offer, and why should Taiwanese teams focus on it? 🔥 Which Taiwanese industries are eyeing expansion into Central and Eastern Europe? 🔥 How can Taiwanese businesses collaborate with the Central and Eastern Europe Investment Fund? 🎙️ Listen Now 🎙️ Apple Podcast: https://reurl.cc/bYVy93 Spotify: https://reurl.cc/lyQMvq

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How much tax is involved when purchasing real estate in Japan? When purchasing real estate in Japan, you are required to pay several taxes such as stamp duty, registration license tax, and real estate acquisition tax. In this explanation, we’ll focus on stamp duty. Stamp duty is a tax imposed on specific contract documents such as real estate sales contracts, building construction contracts, and loan agreements. The amount of tax is determined based on the value stated in the contract. In real estate transactions, two copies of the contract are typically prepared, one for the seller and one for the buyer. As a result, two stamps are required. For example, if you are purchasing a property valued between 50 million and 100 million yen, the stamp duty for each contract would be 60,000 yen. It's important to be aware of these additional costs related to contracts when purchasing real estate in Japan. Interestingly, when foreigners purchase real estate in other countries, special taxes may apply. For example, in Australia, foreigners are subject to an 8% foreign buyer stamp duty, plus a 5% local stamp duty, totaling 13% of the property's price. In comparison, Japan’s stamp duty for foreign buyers is significantly lower than in other countries. If you’d like to know more about purchasing real estate in Japan, feel free to send me a DM! Experts in Japanese real estate and business development are here to answer your questions.#Japan #Japanproperty #Japanbusiness

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Impact Accounting Featured in Japan’s Leading Economic Newspaper, Nikkei Nikkei, Japan’s leading economic newspaper, has featured an article on the promotion of impact accounting within the Japan Association of Corporate Executives (Keizai Doyukai). This project, which I am leading to incorporate a company’s social impact into its financial statements, was announced at the "Mutual Capitalism Multisector Dialogue," where over 400 corporate executives gathered to discuss these initiatives. https://lnkd.in/gfXRef7k

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