Deals
China's Internet Trio Wields $80 Billion Deal Firepower in 2016
- Alibaba, Tencent, Baidu buying their way into Web services
- Deals spree will spur consolidation in a crowded industry
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China’s three biggest Internet companies could be set for another record year of deals as their cash piles swell, unprofitable startups sell out and consolidation sweeps the crowded industry.