Chinese and Indian companies most profitable

Chinese and Indian companies raised the most money in Asia excluding Japan during the first half of this year, according to preliminary data released by data provider Dealogic, the Wall Street Journal reported. Chinese companies raised US$21.5 billion with 85 initial public offerings (IPOs), up from 46 IPOs at US$15.6 billion a year ago, while India raised US$16.7 million in 100 deals this year. The survey showed China also had the most mergers and acquisitions deals – 1,159 M&A deals at US$55.2 billion, up 40% from 1,022 deals at US$39.4 billion a year ago. India doubled its M&A deals from US$18 billion at 457 deals to US$39.4 billion at 548 deals year-on-year.