Mergers & Acquisitions

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

Mergers and acquisitions in China’s new economy sector fell to the lowest level in three years as Beijing tightened restrictions on companies raising money from the stock market and liquidity dried up after new rules raised the threshold for major shareholders to sell their holdings.