日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Deals pipeline robust in 2014

By SHI JING (China Daily) Updated: 2015-01-28 08:33

Deals pipeline robust in 2014

Inbound, outbound contracts show steady growth in terms of numbers, value

Strategic mergers and acquisitions remained robust across all categories in China last year, said a report published by global consultancy firm PricewaterhouseCoopers.

Overall M&A activity remained high in China, with a 55 percent year-on-year growth in the number of deals and total value. A total of 6,899 deals, with a value of $407 billion, were transacted in China last year, PwC said.

The reform of State-owned enterprises and M&As among A-share companies were the main drivers for the M&A activity. The ongoing consolidation as China's domestic economy matures has also been a key driver, said Liu Yanlai, private equity leader for the Chinese mainland and Hong Kong at PwC.

Technology, consumer-related and financial services were the most active sectors in terms of M&As, partly reflecting the development of the economy.

A total of 766 deals were recorded in the high-tech sector last year, up from 404 a year earlier. Apart from the A-share companies' growing interest in the gaming industry, the surge was propelled by the proactive giants in the Internet industry, namely Baidu Inc, Alibaba Group Holding Ltd and Tencent Holdings Ltd, said Liu.

Technology consultancy IDC said 2014 was a banner year for Alibaba in terms of M&As. The e-commerce giant invested in or acquired about 20 companies last year to restructure its business portfolio.

Deals in the financial services sector were also closely watched in 2014. The number of deals rose from 300 in 2013 to 501 in 2014, driven by the development of peer-to-peer lending platforms, online finance and mobile payment, said Liu.

Liu also said that the increased deals in the healthcare sector should be seen as a growing trend that is likely to continue due to ongoing reforms of the healthcare system.

The real estate sector attracted the biggest investment of about $44.4 billion, with several developers seeking new sources of capital.

Hong Shengqi, senior analyst at the Research Center of the China Real Estate Information Corp, said: "With Chinese property companies reporting lesser profit, there are chances of more M&As in the sector. It is also an important tool for companies to enter the market with fewer risks."

Foreign-inbound strategic M&As also hit a record high in value, reaching nearly $25 billion and was led by the increase in banking and financial services sectors.

Last year was also a banner year for new investments by private equity companies, with the announced deal volume surging 51 percent to a record of 593. The total deal value surged 101 percent to reach $73.2 billion during the same period, with several PE firms participating in the SOE reforms.

PEs also looked for overseas businesses that have a strong China-angle in their growth strategies in 2014, with the outbound deal value reaching a record of $14.3 billion.

Gabriel Wong, lead partner of China corporate finance at PwC, said the number of Chinese outbound deals surged by more than one-third to reach $56.9 billion in 2014. North America overtook Europe last year in attracting Chinese investment with 96 completed deals, mainly focusing on technology, healthcare and real estate in the East Coast of the United States.

"Privately owned enterprises continue to lead the charge, but this year we have seen that financial buyers and PEs have not only contributed to deal volume but also started to make a significant contribution to value," he said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 婷婷色中文字幕 | 亚洲淫片 | 青青草黄色 | 欧美一级片在线观看 | 亚洲天堂男人的天堂 | 91免费精品视频 | 综合九九| 99久久一区二区 | 天堂网在线视频 | 日韩经典三级 | 一级片免费在线观看 | 四虎1515| 一区二区欧美视频 | 一二三四区在线 | 亚洲图片中文字幕 | 99热精品在线播放 | 欧美亚洲影院 | 中文字幕偷拍 | 精品1区2区 | 糖心vlog在线免费观看 | 在线观看黄色小视频 | 国产xxx在线观看 | 羞羞网站入口 | 毛片视频在线免费观看 | 国产精品一区二区三区不卡 | 一区二区在线视频观看 | 日日舔夜夜摸 | 婷婷视频在线播放 | 国产在线视频在线观看 | 久久久久久久久网 | 成人黄色网址在线观看 | 午夜在线精品 | 大地资源中文在线观看免费版 | 亚洲色域网 | 欧美成人黄色网 | 久久黑丝 | 97成人在线观看 | 在线观看中文字幕视频 | 欧美激情第1页 | 婷婷丁香花五月天 | 四虎4hu永久免费入口 |