China’s BAT Spent $112.5B On Deals Since 2012, New Record Likely In 2017

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China’s three technology giants, Baidu, Alibaba and Tencent, commonly referred to as the BAT, spent a total US$112.5 billion on 174 acquisitions since 2012, and are on course to set a new deal record this year, according to data tracker MergerMarket.

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