Tencent and Alibaba's overseas M&A deals outside of China 2013-2018
This statistic depicts Tencent and Alibaba's number of outbound M&A and investment deals outside of mainland China and Hong Kong from 2013 to March 2018. During the measured time period, Tencent outpaced Alibaba in outbound M&A and investments, with 29 deals alone in 2017.