Value of July M&As down from previous month

Ninety-eight Chinese mergers and acquisitions closed in July at a value of $2 billion, down 76 percent from the previous month, according to a report by ChinaVenture Group on Thursday.

The report said among the M&As, the health, property and finance sectors were valued the highest, with the health sector taking up $565 million of the total value of deals made last month.

The most popular deals include Baidu acquiring online interactive entertainment portal 91.com and Mindray Medical International Ltd acquiring Zonare Medical Systems Inc.