A total of 79 Private Equity/Venture Financing deals (pending and completed) were announced in China, driven by Internet of Things, in the last twelve months resulting in a total deal value of over $5,097.3 million. In the LTM period, June 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $1,565.2 million, resulting in an average deal value of $313.0 million during that month. On the other hand, the month of November 2021 was the most prolific in terms of deal volume, recording a total of 12 deals, resulting in an average deal value of $36.3 million during that month.
Of the 79 deals, the deal secured between JD.com.Fang; Shanghai Weihao Chuangxin Investment Management Co., Ltd. and Horizon Robotics Inc, was the largest Private Equity/Venture Financing deal in the China, which was valued at $1,500.0 million and was completed on June 11, 2021. The second-largest deal was between Alibaba Group Holding Ltd; CMG-SDIC Capital Management Co Ltd; SAIC Motor Corp Ltd; Yunfeng Capital and Banma Network Technologies, while the third-largest deal was between Baidu Inc; Zhejiang Geely Holding Group Co Ltd and Jidu Auto. The Alibaba Group Holding Ltd; CMG-SDIC Capital Management Co Ltd; SAIC Motor Corp Ltd; Yunfeng Capital-Banma Network Technologies deal and the Baidu Inc; Zhejiang Geely Holding Group Co Ltd-Jidu Auto deal were valued at $463.7 million and $400.0 million, respectively. The fourth-largest deal was between Alibaba Group Holding Ltd; Ant Financial Services Group-Shanghai Junzheng Network Technology Co Ltd valued at $280.0 million, whereas the deal between Shanghai Chengshu Investment Management Co Ltd; TrustBridge Partners-Beijing Huitong Tianxia Wulian Technology Co., Ltd. valued at $200.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $2,843.7 million and accounted for nearly 55.79% of the total deals (by value) announced during the last twelve months.
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