China’s technology industry saw a drop of 35.84% in overall deal activity during April 2022, when compared with the last 12-month average, led by Yangtze Optical Fibre and Cable Joint Stock Ltd’s $161.46m acquisition of 12.7% stake in Broadex Technologies, according to GlobalData’s deals database.

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A total of 145 deals worth $1.3bn were announced in April 2022, compared with the 12-month average of 226 deals.

venture financing was the leading category in the month in terms of volume with 135 deals, which accounted for 93.1% of all deals.

In second place was M&A with eight deals, followed by private equity with two transactions, respectively accounting for 5.5% and 1.4% of overall deal activity in the China’s technology industry during the month.

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In terms of value of deals, venture financing was the leading deal category in China’s technology industry with total deals worth $972.94m, while M&A and private equity deals totalled $295.32m and $74.28m, respectively.

China technology industry deals in April 2022: Top deals

The top five technology industry deals accounted for 42.1% of the overall value during April 2022.

The combined value of the top five technology deals stood at $565.08m, against the overall value of $1.3bn recorded for the month.

The top five technology industry deals of April 2022 tracked by GlobalData were:

1) Yangtze Optical Fibre and Cable Joint Stock Ltd $161.46m acquisition deal for 12.7% stake in Broadex Technologies

2) The $119.34m acquisition of 19% stake in Hubei Dinghui Microelectronics Material by Hubei Dinglong Holdings

3) Index Ventures,Northern Lights Ventures and SoftBank Vision Fund 2 $110m venture financing deal with Mofa (Shanghai) Information Technology

4) The $100m venture financing of Hangzhou Fork Intelligent Technology by GGV Jiyuan Capital,GL Ventures and Goldman SachsLLC

5) Hainan Zhongxing Future Private Equity Investment Fund $74.28m private equity deal for 5.09% stake in Zhuhai Orbit Aerospace Technology