Cross-market mergers and acquisitions are on the rise, with Chinese companies globally on a shopping spree.

In the first 40 days of the opening year of 2026, announcements from listed companies regarding cross-market mergers and acquisitions have been frequent. After trading hours on February 5th, Meituan disclosed that it would acquire 100% equity of Dingdong Maicai's China business for an initial price of about 717 million US dollars. Recently, there have been many cases of cross-market mergers and acquisitions, including Anta Sports acquiring 29.06% equity of Puma, and Zijin Mining's subsidiary acquiring Canadian United Gold. It can be seen that from the two-way mergers and acquisitions between A-shares and Hong Kong stocks, to Chinese companies going global to acquire high-quality assets, cross-market mergers and acquisitions have become a necessary path for leading enterprises to strengthen their core competitiveness and for small and medium-sized enterprises to seek breakthroughs.