M&A deals decrease in April

There were 65 deals completed in the Chinese mergers and acquisitions market in April with a revealed investment amount totaling $2.5 billion, down 50.8 percent year-on-year, according to a Zero2IPO Group report released on Monday.

The report said the decrease was because fewer overseas M&A deals were made in April compared with the same period last year.

The property sector continued to be popular in April for M&A deals with 9 deals completed. In the first quarter, 25 deals were made in the property sector, making it the most active sector.