Shenzhen unveils tech industry M&A plan to boost listed companies’ values 40% by 2027
Shenzhen has outlined a plan to boost the combined market capitalisation of locally listed companies by 40 per cent to 20 trillion yuan (US$2.8 trillion) through 2027 by encouraging mergers and acquisitions within the technology industry. The city, home to some of China’s biggest tech companies like Tencent Holdings and Huawei Technologies, also aimed to…