Tencent participated in nine out of the 20 new economy merger and acquisition deals in China last year, including the live-streaming platform Douyu. Photo: Shutterstock

Alibaba and Tencent dominate China new economy deals as market cools to lowest level in three years

  • The number of deals fell 12 per cent to 291 in 2018 from 2017, while transaction value rose three per cent to US$29.1 billion
Topic |   Mergers & Acquisitions

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Tencent participated in nine out of the 20 new economy merger and acquisition deals in China last year, including the live-streaming platform Douyu. Photo: Shutterstock
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