Total technology industry M&A deals in April 2020 worth $1.09bn were announced in China, according to GlobalData’s deals database.

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The value marked a decrease of 4.7% over the previous month and a drop of 6.5% when compared with the last 12-month average of $1.17bn.

China held a 9.8% share of the global technology industry M&A deal value that totalled $11.14bn in April 2020.

In terms of deal activity, China recorded 25 deals during April 2020, marking an increase of 56.3% over the previous month and a rise of 66.7% over the 12-month average.

China technology industry M&A deals in April 2020: Top deals

The top five technology industry M&A deals accounted for 94.8% of the overall value during April 2020.

The combined value of the top five technology M&A deals stood at $1.03bn, against the overall value of $1.09bn recorded for the month.

The top five technology industry deals of April 2020 tracked by GlobalData were:

1) Jinquan Yuanhe Investment Management and Pingsheng International Financial’s $324.74m asset transaction with Dr. Peng Telecom & Media Group

2) The $262.6m acquisition of HUYA by Linen Investment

3) China Telecom Group Investment’s $250.6m acquisition of Beijing Chen’an Technology

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4) The $159.74m acquisition of Zhida Yunchuang Sanhe Technology by Beijing Sinnet Technology

5) Lu Hong Ping’s acquisition of Yi Teng Electronic Technology (Kunshan) for $35.29m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.