Major M&A deals in China's Internet industry

August 2005: Yahoo Inc invested $1 billion in cash to purchase shares of Alibaba Group Holding Ltd. The agreement gave Yahoo an approximately 35 percent share of voting rights, making it the largest strategic investor in Alibaba.

November 2011: Chang-You.com Ltd, an online gaming developer and operator owned by Sohu.com Inc, acquired China's largest gaming portal 17173.com for $162 million.