Greater China M&A By the Numbers: Q4 2024

In 2024, Greater China had a total of 1569 M&A deals worth US$170.8bn.

The total volume showed an overall 4.8% decline from 2023 due to a relatively weaker economy mainly due to poor consumer demand. However, in terms of aggregate transaction value, 2024 showed an increase of 18.6% from 2023 which was contributed largely by outbound deals with an increase of 63.9% in value.

In 2024, only five sectors within the domestic & inbound realm displayed growth: financials with the largest at 168.8%, utilities at 123.9%, consumer staples at 77.1%, healthcare at 23.9%, and industrials at 16.4%. For the outbound realm, utilities had the most massive growth at 748.7%, followed by consumer discretionary at 344.8%, industrials at 261.3%, energy at 178.4%, and healthcare at 142.6%.