Internet giants busy in M&A market

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.