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M&A deals triple in first half to $134 billion

Updated: Aug 12,2016 10:44 AM

Chinese companies concluded a record number of overseas M&A deals in the first half of this year. That’s according to a report from accounting consultancy PricewaterhouseCoopers.

The report says the number of transactions in the first half of this year was 30 percent higher that in all of 2015, with 24 cases valued at over $1 billion. The transaction volume so far has tripled from last year, climbing to $134 billion. That’s more than the total amount reached in 2015 and 2014 combined.

The report shows that more than two thirds of the mega-size deals were done by private Chinese firms. Meanwhile, financial investment posted a record high as well, reaching $16 billion.