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

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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