China's Internet Trio Wields $80 Billion Deal Firepower in 2016By
Alibaba, Tencent, Baidu buying their way into Web services
Deals spree will spur consolidation in a crowded industry
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.
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