Netease Technologies News, April 14, according to the South China Morning Post, a new report by GPBullhound, a technology consulting and investment company, shows that Chinese technology companies are beginning to shift their overseas investment and trading targets to the European market.
According to the companys Asian Insights report in the first quarter of 2019, the number of Chinese technology investors trading in the European market grew by 25% year on year in the first quarter of this year.
In the first quarter of this year, the number of transactions by Chinese investors in the US market fell by 13%, while the number of transactions in the Asia-Pacific region fell by 53% over the same period.
Figure: The number of science and technology transactions between Chinese enterprises in different parts of the world
Softbank, a Japanese conglomerate, was the main driver of foreign trade in Asia, accounting for more than half of all foreign technology transactions in the first quarter of this year, the report said.
Excluding soft bank investment, the report shows that the total amount of mergers and acquisitions by Asian companies in the first quarter of this year dropped by 47%, while the total amount of mergers and acquisitions by enterprises in the European market jumped by 57%.
According to the report, the total foreign science and technology transactions of Chinese enterprises are still at the lowest level since the third quarter of 2017.
According to GP Bullhound, there were 24 overseas transactions in North America, 18 in Asia-Pacific and 15 in Europe in the first quarter of this year.
Tencent and Alibaba were the most active Chinese technology investors in the first quarter of this year, the report found.
Figure: The announced number of Chinese companies investing in the marine technology market
Among the European market deals concluded by Chinese technology companies, the largest was the acquisition of WorldFirst, a British payment company, by Ant Gold Suit, a subsidiary of Alibaba, for $641 million. The deal was announced in February. (Han Bing)
Source: Responsible Editor of Netease Science and Technology Report: Wang Fengzhi_NT2541