The Hurun Research Institute released the Hurun China Cross-Border M&A Report 2021 in Shanghai on Dec 16, selecting the 50 biggest cross-border mergers and acquisitions by Chinese enterprises in 2019 and 2020.
Hurun found metal and minerals topped the industries where Chinese firms conducted M&As, followed by software and service, medical and health, food and beverage and new energy.
Private enterprises account for 71 percent of acquiring firms among the top 50 M&As.
Let's see the Chinese enterprises in the top 10 for biggest cross-border M&As.
No 10 Ctrip
M&A value: 9.63 billion yuan ($1.51 billion)
Target company: MakeMyTrip
A signboard at the headquarters of Chinese online travel agency Ctrip in Shanghai on May 14, 2015. [Photo/IC]
No 9 Joyy
M&A value: 10 billion yuan
Target company:Bigo
Joyy's logo. [Photo/website of Joyy]
No 8 Shagang Group
M&A value: 15 billion yuan
Target company: Global Switch
A view of the headquarters of Chinsee steel enterprise Shagang Group in Zhangjiagang, East China's Jiangsu province, on Dec 20, 2017. [Photo/IC]
No 7 Shandong Ruyi
M&A value: 18 billion yuan
Target company: Lycra
The logo of Shandong Ruyi. [Photo/Agencies]
No 6 Tencent Music
M&A value: 21 billion yuan
Target company: Universal Music
A headset with a Tencent music logo. [Photo/IC]
No 5 State Grid
M&A value: 27 billion yuan
Target company: CGE
The logo of the State Grid Corporation of China. [Photo/IC]
No 4 Wingtech
M&A value: 28 billion yuan
Target company: Nexperia
The Wingtech booth at the fourth China International Import Expo in Shanghai in November 2021. [Photo/Wingtech]
No 3 Shagang Group
M&A value: 32 billion yuan
Target company: Global Switch
A factory of Shagang Group. [Photo/website of Shagang Group]
No 2 Anta
M&A value: 44 billion yuan
Target company: Amer Sports
An Anta Sports store in Haining, Zhejiang province, on Aug 22, 2019. [Photo/IC]
