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

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.