Deal-makers across Asia-Pacific were hustling in 2015, racking up more than $1 trillion in mergers and acquisitions, topping 2014's record by 37 percent, Dealogic said.
That accounted for a record 24 percent share of announced global deals, the data provider said, citing preliminary full-year data.
Domestic M&A volume in Asia-Pacific also hit a record high of $947.9 billion, accounting for 81 percent of the region's $1.16 trillion total, Dealogic said.
Intra-Asia deals -- or deals where an Asian acquirer targets Asian assets -- also surged around 34 percent in value to $72.3 billion in 2015, the data show.
The commodity rout may be driving a big chunk of the deal-making.
Australia-targeted deals in the commodity sector -- including the metal & steel, forestry & paper, mining, oil & gas, utility & energy and agribusiness segments -- climbed around 40 percent in 2015, the data show. The mining segment had the biggest percentage jump, surging nearly 230 percent to $14.7 billion, the data show.