UBM busy in China

Two of a cluster of 3 press releases yesterday from United Business Media refer to small acquisitions in China:

1. CMP Technology in the US has acquired Beijiing-based Customer Contact Center Standard for $350,000, a call centre quality and certification business which it says will complement its International Customer Management Institute unit.
   
2. CMP Medica has acquired MediReach Healthcare Communications, a medical marketing business, in Shanghai for up to $3.85 million.

As acquisition targets in the US are predicted to be in short supply in 2007, I wonder if the appetite for (albeit small) Asian acquisitions will increase. Last year saw a pretty pathetic record of 21 B2B deals worth around $265 million (the value was not a record thanks to Yahoolibaba in 2005).