Zero2IPO Research Center, the research arm of Zero2IPO Group, recently published its ''China Merger & Acquisition Report Q1 2008''. According to the report, 29 transactions were closed in TMT, Bio/healthcare and Energy sectors, 23 of which disclosed a value of US$1.93B. In addition, there were ten cross-border deals, five of which disclosed a value of US$253.14M, considerably dropped during this quarter.