China's retail industry sees a drop of 8.8 percent in deal activity in Q4 2019

Monday 2 March 2020 10:49 CET | News

China's retail industry has seen a drop of 8.8% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

A total of 31 deals worth USD 3.21 billion were announced in Q4 2019, compared to the last four-quarter average of 34 deals. Venture financing was the leading category in the quarter with 20 deals which accounted for 64.5% of all deals.

In second place was M&A with six deals, followed by private equity with five transactions. In terms of value of deals, M&A was the leading deal category in China's retail industry with total deals worth USD 2.67 billion.

The top five retail industry deals of Q4 2019 tracked by GlobalData were:

  • Wumart Stores’ USD 2.1 billion asset transaction with Metro;
  • The USD 471.06 million acquisition of Springland International by Octopus (China);
  • Co-Stone Capital Investment, GenBridge Capital, Jiangu Capital, Lighthouse Capital, Shanghai Zhenghan Investment Management and Taikang Life Insurance's USD 142.92 million venture financing of Qiandama;
  • The USD 100 million venture financing of Club Factory by Bertelsmann Asia Investments, Frees Fund and Qiming Venture Partners;
  • Anchor Equity Partners and Hillhouse Capital Group's venture financing of Hangzhou Yangtuo Network Technology for USD 100 million.

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Keywords: GlobalData, China, retail mergers, acquisitions, ecommerce, investments, statistics
Categories: Payments & Commerce
Countries: China
This article is part of category

Payments & Commerce