China’s high-tech industry’s domestic M&A volume surged more than twice in 2015

China news agency, Beijing, January 22 (Reporter Liu Yuying) Zhou Zixue, vice president and secretary general of China Electronic Information Industry Association, quoted data on the 22nd, saying that in China's domestic mergers and acquisitions, the high-tech industry represented by electronic information The total amount of mergers and acquisitions reached US$122.2 billion, an increase of more than 200%, and the amount and growth rate ranked first in all industries.

China Electronic Information Industry Association, China Software

The 2016 China Electronic Information Industry Development Conference and Summit Forum jointly hosted by industry associations and e-commerce associations was held in Beijing on the 22nd.

In introducing the development of China's electronic information industry in 2015, Zhou Zixue said that in 2015, the added value of electronic information manufacturing enterprises above designated size increased by 10.5%, still maintaining double-digit growth, which is more than 4 percentage points higher than the national industrial average.

In the same period, fixed assets investment in the electronic information industry maintained a growth of 14%. Zhou Zixue said that while the direct investment is growing rapidly, the pace of integrated mergers and acquisitions with the aim of brand, technology and channels is also accelerating.

It is understood that the technology, media and telecommunications industries have become the fastest growing industries for mergers and acquisitions; the scale of transactions in the financial and energy and power industries has declined.

In an interview with reporters during the Zhouzixue meeting, the ability of Chinese domestic companies to integrate foreign resources has been continuously improved. This is because Chinese companies are growing and the market is huge. It is a general trend to integrate foreign companies that are in trouble. This trend will continue in 2016.

According to public information, the major integration events in 2015 included: Ziguang acquired 51% of Hewlett-Packard's "Xinhua III" at a price of not less than 2.5 billion US dollars. Inspur established a joint venture with Cisco. CLP and Microsoft formed a joint venture. The company has promoted operating system research and development.