Total technology industry M&A deals in Q3 2019 worth $2.58bn were announced in China, according to GlobalData’s deals database.

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The value marked a decrease of 53.7% over the previous quarter and a drop of 38% when compared with the last four-quarter average of $4.15bn.

China held a 4% share of the global technology industry M&A deal value that totalled $64.84bn in Q3 2019.

In terms of deal activity, China recorded 35 deals during Q3 2019, marking a drop of 27.1% over the previous quarter and a drop of 16.7% over the last four-quarter average.

China technology industry M&A deals in Q3 2019: Top deals

The top five technology industry M&A deals accounted for 92.6% of the overall value during Q3 2019.

The combined value of the top five technology M&A deals stood at $2.38bn, against the overall value of $2.58bn recorded for the month.

The top five technology industry deals of Q3 2019 tracked by GlobalData were:

1) Alibaba Group Holding’s $2bn acquisition of NetEase Kaola

2) The $123.84m asset transaction with China Mobile Communications Group by China Mobile

3) Luokung Technology’s $116.72m acquisition of eMapgo Technologies (Beijing)

4) The $85m asset transaction with by Inke

5) Barco’s acquisition of Unilumin Group for $59.06m.

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.