Total technology industry M&A deals in December 2020 worth $817.23m were announced in China, according to GlobalData’s deals database.
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The value marked a decrease of 80.4% over the previous month and a drop of 77.1% when compared with the last 12-month average of $3.57bn.
China held a 1.2% share of the global technology industry M&A deal value that totalled $69.81bn in December 2020.
In terms of deal activity, China recorded 45 deals during December 2020, marking an increase of 36.4% over the previous month and a rise of 50% over the 12-month average.
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China technology industry M&A deals in December 2020: Top deals
The top five technology industry M&A deals accounted for 73.6% of the overall value during December 2020.
The combined value of the top five technology M&A deals stood at $601.45m, against the overall value of $817.23m recorded for the month.
The top five technology industry deals of December 2020 tracked by GlobalData were:
1) China Mobile Capital Holding’s $350.61m acquisition of Travelsky Technology
2) The $125.73m acquisition of Pegasus Zhike by Shanghai Baosight Software
3) Ascential’s $73.56m acquisition of Hangzhou Duozhun Data Technology
4) The $28.31m acquisition of Shenzhen Derun Electronics by Yancheng Demao Management Consulting Partnership and Yancheng Guozhi Industrial Fund
5) Shaoxing Shangyu Yihe Equity Investment’s acquisition of Jinhua Yibo Network Technology for $23.23m.
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.