China’s crackdown on tech sector could cool M&A activity after first-half deals soar, PwC says

Concerns about an ongoing regulatory crackdown on China’s technology sector is starting to weigh on merger activity and could slow down what has been a bumper year for domestic deals, according to PwC.The volume of domestic deals by strategic buyers in the first half surged to its highest level since early 2018, with 2,753 transactions raising US$145.6 billion, the audit and consulting firm said. That represented a 41 per cent increase from the latter half of 2020 and a nearly 7 per cent…


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