M&A value of entertainment companies in China 2012-H1 2020, by type
In the first half of 2020, the total M&A value for film and TV production in China amounted to 500 million yuan, whereas the amount for variety shows figured at 100 million yuan. In 2018, internet giants like Tencent and Alibaba entered the media production sector through large M&As, aiming to enrich their own content ecosystem. This made the scorching film and TV production business hit its pinnacle with a huge capital inflow.