The Business Services and Technology sectors in China have grown tremendously in the past decade. Already, China has the largest number of Internet and mobile users globally – which shows the massive market opportunity in the decade ahead. While previously, we saw many non-Chinese firms entering the market through acquisitions, in recent years, we have observed much more acquisition activity by local Chinese buyers of local target companies. In addition, we see the growing desire by local buyers to acquire overseas technology assets particularly in Europe and North America.