Source:
https://scmp.com/tech/china-tech/article/2093666/tech-deals-down-china-despite-record-didi-funding-april
Tech/ Big Tech

Tech deals down in China, despite record Didi funding in April

Mergers and acquisitions in mainland China’s technology sector saw a year-on-year decline of 12.9 per cent in the past four months, despite the massive US$5.5 billion funding round scored by ride-hailing giant Didi Chuxing about two weeks ago, according to Mergermarket.

“The value of technology deals [on the mainland] reached US$19.9 billion across 65 transactions from January to April, down from US$22.8 billion in 73 deals recorded in the same period last year,” Mergermarket financial researcher Sophie Jin said on Tuesday.