Mergers & Acquisitions

  • Alibaba’s US$9.5 billion acquisition of Ele.me; its US$4.63 billion acquisition of Suning Commerce Group; its US$1.58 billion acquisition of AutoNavi; its US$1.2 billion acquisition of Youku Tudou Inc. and its US$804 million acquisition of China Vision Media Group.
  • Ele.me’s merger with Baidu Waimai at a consideration of US$500 million.
  • Didi Chuxing on its US$7 billion acquisition of Uber and its merger with Kuaidi resulting in a merged company with valuation of US$6 billion.
  • musical.ly on its acquisition by Bytedance.
  • Full Truck Logistics Information Co. on its consolidation with Truck Alliance Inc. for a combined valuation of US$1.6 billion and its US$1.9 billion financing from a group of investors led by Softbank Vision Fund.
  • China Music Corporation on its merger with Tencent’s QQ Music business.
  • Mobike on its merger with Meituan for US$2.6 billion.
  • Anjuke’s US$260 million acquisition by 58.com Inc.
  • A buyer consortium comprising Kunlun, Qihoo 360 and Golden Brick Capital Management on the US$575 million purchase of the Opera web browser, the core business of Opera, a Norway-listed internet company.
  • Advanced Micro Devices (AMD) on its sale of shares to Nantong FUJITSU with a transaction price of US$370.6 million.
  • HP on the sale of 51% of the share capital of H3C Technologies Co to Unisplendour Corporation for RMB19 billion.
  • Tianjin Tianhai Investment Company on its acquisition of Ingram Micro, Inc. with a transaction price of US$6 billion.
  • Cainiao on its RMB5.3 billion capital increase from Alibaba Group.
  • Alibaba Group on its US$241.6 million equity investment in Souche Holdings; its RMB1.5 billion equity investment in SenseTime Group Inc.; its RMB4.7 billion equity investment in Wanda Film; its RMB15 billion strategic investment in Focus Media Information Technology Co.; its RMB3 billion investment with its affiliate to establish a joint venture Koubei; and its US$590 million strategic investment in Meizu Technology Corporation.
  • Canada Pension Plan Investment Board, Warburg Pincus, Discovery Capital Management and Boyu Capital on their US$14 billion subscription of the shares issued by Ant International Co.
  • Ant Financial on its US$350 million equity investment in Youon Low-Carbon Technology Co. (Hellobike); its US$350 million equity investment in VFinance; its co-investment with Primavera Capital in their purchase of a combined US$460 million stake in the spun-off Yum China; and its 33% equity investment by Alibaba Group.
  • Cainiao’s financing of approximately RMB10 billion and its US$290 million acquisition of the controlling stake in Dianwoda.
  • Koubei on its US$1.1 billion financing.
  • Didi Chuxing multi-billion US dollar financing for various rounds and its equity investment in transportation-related fields.
  • Bytedance’s various rounds of financings and its equity investment in industry-related fields.
  • Sequoia Capital, Yunfeng Capital and Tiger Fund on their investment in Momo Technology Company with a total investment of US$212 million.
  • Carlyle Group, together with Tiger Fund, on their US$200 million investment in Ganji.com.
  • Yun Xi Investment on its subscription of 20% A-Shares in Wasu Media for RMB6.5 billion.
  • Lakala Payment Co on its RMB1.45 billion financing.
  • Ali Venture Capital on the subscription of A-Share private placement by China United Network Communications Limited for RMB4.3 billion.
  • CMI Asset Management Company’s series B investment in Meituan.
  • Shanghai Integrated Circuit Industrial Investment Fund’s subscription for RMB2.9 billion equity interests in Shanghai Everdisplay Optronics.
  • Mobvoi on its US$180 million financing and its joint venture establishment with Volkswagen Group in AI mobility area.
  • PAG’s buy-out of Zhenai.com with the investment of RMB2 billion.
  • China Venture Capital Fund Corporation and Sunshine Life Insurance Corporation on their investment in Face ++ with an aggregate amount of US$220 million.
  • Sequoia Capital on its US$1.4 billion private equity investment in Pinduoduo.
  • Full Truck Alliance Co. on the US$1.9 billion financing from a group of investors led by Softbank Vision Fund.
  • Tongcheng Network Technology’s RMB1.4 billion strategic financing from and commercial cooperation with Ctrip.
  • Primavera Capital’s Series F investment in Dasouche, with this round’s total investment amount of US$578 million.