China’s retail industry saw a rise of 48.4% in overall deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 46 deals worth $2.52bn were announced in Q4 2020, compared to the last four-quarter average of 31 deals.

Venture financing was the leading category in the quarter with 26 deals which accounted for 56.5% of all deals.

In second place was M&A with 20 deals respectively accounting for 43.5% of overall deal activity in the country’s retail industry during the quarter.

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In terms of value of deals, M&A was the leading deal category in China’s retail industry with total deals worth $1.37bn, followed by private equity deals totalled $1.15bn.

China retail industry deals in Q4 2020: Top deals

The top five retail deals accounted for 64.5% of the overall value during Q4 2020.

The combined value of the top five retail deals stood at $1.63bn, against the overall value of $2.52bn recorded for the month.

The top five retail industry deals of Q4 2020 tracked by GlobalData were:

1) CapitaLand Retail China Trust Management’s $520.4m acquisition of Rock Square HoldCo

2) The $412.78m venture financing of Beijing DMall E-commerce by Chengtong Fund Management, Futian Capital, Hengan International Group, Industrial Bank and Lenovo Ventures Group

3) C&D Xinxing Investment, China State-owned Enterprise Structural Adjustment Fund, GLP Fund, Jingwei China, Legend Capital, Tencent Holdings, Tiger Fund, Tongchuang Weiye, Yuansheng Capital, Yunfeng Fund L.P and Zhong Ding Capital’s $315m venture financing of Qingdao Zhenkun Trading

4) The $196m venture financing of Nice Tuan by Alibaba Group Holding, CDH Investments Fund Management, China Capital Investment Group, Cygnus Equity, GGV Capital, INCE Capital, Jeneration Capital, Joy Capital, Kunlun Capital and Qiming Venture Partners

5) Xiamen Xinda’s acquisition of China ZhengTong Auto Services for $181.08m.

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.