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.

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By GlobalData

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.