Unprecedented activity in M & a market: Internet and healthcare become hot spots

No matter in traditional energy, minerals, emerging media and medical health, the number of major M & A cases and the total number of cases in various fields since this year show that this year has entered a year of M & A According to data released by Zero2IPO Research Center, 102 M & A transactions were completed in China's M & a market in July, up 59.4% on a month on month basis, and the total transaction value of disclosed cases was US $3.05 billion, up 13% on a month on month basis Internet M & A is emerging in an endless stream The Internet industry has entered an era of industrial merger and integration this year Recently, Tang Hesong, general manager of enterprise department in charge of investment business at Baidu's "2013 China equity investment and M & a annual meeting", thought that China's Internet sector will be an outbreak period of investment and M & a concentration this year and next year, and there will be endless and dazzling investment and M & A in the field of mobile Internet Since this year, Internet giants Alibaba and Baidu have made frequent moves Baidu has successively acquired PPS, Jinshan network and recently announced 91 wireless, and earlier acquired Yaodian 100, qunar.com and anjuke Alibaba has acquired Momo, dingding.com, goldmap and Sina Weibo For a while, there was a saying that entrepreneurs and VC "hold bat thigh" In Tang Hesong's view, since this year, the frequent occurrence of M & A transactions is that the traditional PC Internet has entered the middle and late stage of its development, which is a stage of "funnel" convergence, has formed the pattern and sphere of influence, and has carried out the integration and optimization of the upstream and downstream of the value chain; while the mobile Internet has been in the early stage of rapid development in recent two years However, mobile Internet is not an alien, but a mobile migration of basic PC Internet services The development stage of PC Internet is intertwined with the arrival of mobile wave, which leads to the continuous and continuous high temperature of hot M & A Zhang Hongping, vice president of Alibaba group, said at the meeting that Alibaba will also make some layout and investment in logistics this year, and also watch opportunities in other new fields, such as local life services, movies, entertainment and digital things Medical and health care is second to none In addition to the cultural media and TMT industries, another remarkable M & a hot spot is the medical and health industry According to the 12th Five Year Plan for medical device technology industry, the state will focus on supporting 10-15 large medical device enterprise groups, 40-50 innovative high-tech enterprises, and establishing 8-10 medical device technology industry bases and 10 national innovative medical device product demonstration and application bases In the first half of this year, there were 39 acquisitions in the biotechnology / healthcare industry Among them, US $816 million of Medtronic's acquisition of Kanghui, HK $361 million of Xianjian technology, and HK $5.9 billion of Stryker's acquisition of Chuangsheng all exceeded market expectations In July, medical equipment R & D manufacturer Mindray us acquired all the equity of ultrasound technology development enterprise zunare, with a transaction amount of US $105 million; in August, China Pharmaceutical announced the merger of Tianfang pharmaceutical, with a consideration of RMB 2684 million Some PE are also involved in the M & A of the medical industry Wang Cen, senior partner of Tiantu capital, revealed at the meeting that in recent years, Tiantu capital has invested in Phoenix medical, a private general hospital, and has also been involved in the medical plastic and beauty industry An enterprise invested in the field of medical devices is also ready to sell to a listed company Liu Daozhi, senior vice president of emerging business of Shanghai minimally invasive medical devices (Group) Co., Ltd., believes that Chinese enterprises also encounter a rare window of opportunity to go out and do transnational medical M & A As the world's medical market, especially medical devices, is at an undervalued moment, medical reform and economic crisis have caused the decline of the US and Europe's medical industry This is a very good opportunity for Chinese enterprises to go out and do transnational medical M & A and acquisition.