Chinese companies are globalizing on an unprecedented scale, but with mixed success. For the investors, it was all backwards. In early 2011, Chinese dairy producer Bright Food convened a meeting with outside investors and consultants. The company had mountains of cash, priceless connections and Beijing’s blessing. Having grown to become China’s second-biggest food and drink […]
Sinopec failed to acquire China Gas Holdings, yet it might be better off that way. Here’s why. Sinopec’s recent failure to acquire China Gas Holdings has attracted much attention as the first hostile takeover attempt in Chinese history–even more so because the much smaller China Gas thwarted the efforts of the much larger Sinopec. The failure also […]
The Fosun Group, a Shanghai-headquartered conglomerate, has diverse business interests ranging from insurance and healthcare, to retail, steel and mining. Founded in 1992, Fosun has already made it to the list of China’s top enterprises—in 2011, it ranked 81st among the top 500 enterprises in China ranked by Fortune. The group attributes its success […]
Here’s a question. What do the following mergers and acquisitions have in common: Lenovo and IBM’s PC division, TCL and Thomson Electronics’ TV arm, and BenQ and Siemen’s cellphone business? According to Teng Bingsheng, Associate Professor of Strategic Management and Associate Dean responsible for the CKGSB MBA program, there is one common thread that runs […]
As Bright Food buys up iconic breakfast brand Weetabix, questions arise over whether China is eyeing a larger takeover of Western food firms?
Last year, Zong Qinghou, founder and president of Wahaha, China’s biggest beverage company, was holding a run-of-the-mill press conference in Beijing. Although Zong was the richest man in China by some estimates, it seemed as though nothing of interest would come out of his speech that day. Then an ostensibly throwaway comment sent stocks soaring. […]