The article highlights the key trends and events in China's lighting and LED industry mergers and acquisitions (M&A) during 2024. With 20 notable transactions, it showcases a focus on cross-border deals, diversification into emerging industries, and digital transformation. Major deals, such as Juguang Technology's acquisition of international assets and Starlight Co.'s investments in quantum and solar technologies, underscore efforts to enhance competitiveness and explore new growth areas. The article also anticipates continued M&A activity in 2025, driven by innovation and global expansion in the lighting sector.