China's retail industry saw a drop of 8.8% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 31 deals worth $3.21bn were announced in Q4 2019, compared to the last four-quarter average of 34 deals.

Venture financing was the leading category in the quarter with 20 deals which accounted for 64.5% of all deals.

In second place was M&A with six deals, followed by private equity with five transactions, respectively accounting for 19.4% and 16.1% of overall deal activity in the country's retail industry during the quarter.

In terms of value of deals, M&A was the leading deal category in China's retail industry with total deals worth $2.67bn, while private equity and venture financing deals totalled $475.83m and $67.04m, respectively.

China retail industry deals in Q4 2019: Top deals

The top five retail deals accounted for 90.7% of the overall value during Q4 2019.

The combined value of the top five retail deals stood at $2.91bn, against the overall value of $3.21bn recorded for the month.

The top five retail industry deals of Q4 2019 tracked by GlobalData were:

1) Wumart Stores’ $2.1bn asset transaction with Metro

2) The $471.06m acquisition of Springland International by Octopus (China)

3) Co-Stone Capital Investment, GenBridge Capital, Jiangu Capital, Lighthouse Capital, Shanghai Zhenghan Investment Management and Taikang Life Insurance's $142.92m venture financing of Qiandama

4) The $100m venture financing of Club Factory by Bertelsmann Asia Investments, Frees Fund and Qiming Venture Partners

5) Anchor Equity Partners and Hillhouse Capital Group's venture financing of Hangzhou Yangtuo Network Technology for $100m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term 'acquisition' refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.