1. Deals Analysis
February 23, 2021

Technology industry M&A deals total $804.37m in China in January 2021

By Carmen

Total technology industry M&A deals worth $804.37m were announced in China in January 2021, with Tencent Music Entertainment Group’s $432.54m acquisition of Shenzhen Lanren Online Technology Co being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 11.3% over the previous month of $906.56m and a drop of 77.2% when compared with the last 12-month average of $3.53bn.

China held a 1.07% share of the global technology industry M&A deal value that totalled $75.13bn in January 2021.

In terms of M&A deal activity, the China recorded 26 deals during January 2021, marking a decrease of 48.00% over the previous month and a drop of 27.78% over the 12-month average.

China technology industry M&A deals in January 2021: Top deals

The top five technology industry M&A deals accounted for 91.4% of the overall value during January 2021.

The combined value of the top five technology M&A deals stood at $734.98m, against the overall value of $804.37m recorded for the month.

The top five technology industry M&A deals of January 2021 tracked by GlobalData were:

1) Tencent Music Entertainment Group’s $432.54m acquisition of Shenzhen Lanren Online Technology Co

2) The $159.67m acquisition of Beijing ZTE Gundam Communication Technology by Beijing Yitang Semiconductor Industry Investment Center

3) Shaoxing Lanyue Film and Television Partnership (Limited Partnership)’ $55.55m acquisition of Zhejiang Shengxi Huashi Culture Media.

4) The $46.44m acquisition of Tianjin Guokai Ruitou Education Technology by Beijing Little Rhino Horn Technology

5) Ningbo Sanxing Medical Electric’s acquisition of Ningbo Oaks Medical Group for $40.79m.

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.