Internet giants busy in M&A market
By Cai Xiao | China Daily | Updated: 2014-07-24 07:17
The Chinese merger and acquisition market continued to be active in the first half of 2014, with listed Internet giants all striving to acquire good assets.
Completed M&A deals in China totaled 784, a 79.8 percent year-on-year increase and the 717 disclosed deals totaled $51 billion, a 19 percent increase year-on-year, according to a report by Zero2IPO Group.
In addition, 829 deals were announced during this period, of which the 650 disclosed deals amounted to $108.7 billion.
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